Hello and welcome to News BTC’s Market Outlook June 12.
DASH/USD
DASH continues to grind back and forth against the US dollar but the one thing that I cannot help but notice is that the $150 level has offered a massive amount of resistance. If we can break above there and more importantly close above there on a daily chart, I feel at that point it’s likely that we will go much higher. Pullbacks could offer buying opportunities, as I believe eventually we will break out but there is a significant amount of support below that could give us an opportunity to take advantage of this uptrend.
LTC/USD
LiteCoin continues to show bullish pressure, but we also continue to struggle as the $30 level. We for break above $31, and then add to a position that you may already have. Currently, I look at this market and recognize that the next target will be $34. Pullbacks from here should have plenty of support near the $28 level.
Thanks for watching, we will see you tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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