Hello and welcome to News BTC’s Market Outlook June 22.
DASH/USD
DASH fell initially during the day on Wednesday, but found enough support underneath that the $180 level to turn things around and form a bullish candle. It looks as if we are trying to find the $200 level, and then eventually break above it. Once we do, the market will be free to go much higher. Pullbacks continue to be buying opportunities, and I believe that the market continues to favor strength.
LTC/USD
LiteCoin continues to look impressive, as we initially fell during the day on Wednesday, but turned around just below the $42.50 level. The market bouncing from there suggests that we are going to continue to find buyers underneath, and the $50 level above should be the target, and of course resistive. I believe in buying short-term pullbacks as LiteCoin has been so bullish.
Thanks for watching, we’ll 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.
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