Hello and welcome to News BTC’s Market Outlook May 18.
DASH/USD
DASH fell initially during the trading session on Wednesday, but found enough support at the $77.50 level to turn things around and form a hammer. This just shows how much interest there is underneath and because of this it’s likely that every time we pull back there should be a bit of a bounce. The market seems to be accumulating and trying to build up enough momentum to finally go reaching towards the $100 level again.
LTC/USD
LiteCoin fell during the day initially on Wednesday but found enough support at $21 to turn things around and form a supportive looking candle. Because of this, it’s likely that the market will bounce from here and go looking for the $30 level, then perhaps the $35 level after that. The market has been in an uptrend for some time, so this move of course makes quite a bit of sense.
Thanks for watching and 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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