Hello and welcome to News BTC’s Market Outlook June 19.
DASH had a very volatile session on Friday, as we went back and forth around the $160 level. It looks as if the $150 level is trying to act as significant support, so perhaps buying can be done now. Ultimately, it looks as if the market retains its shape as a longer-term uptrend, but crypto currencies have taken a significant beating over the last couple of sessions.
LiteCoin also had a volatile session during the day on Friday, as we continue to hover around the $28 level. Currently, looks as if we are trying to build up enough momentum to continue going higher and reaching towards the $34 level again, so I suspect that’s the next move. There is a significant amount of support all the way down to the $22 level, so therefore I think that the buyers will return sooner rather than later.
Thanks for watching, all see you again 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.