Hello and welcome to News BTC’s Market Outlook May 25.
DASH/USD
DASH continues to show real strength in a market that gapped higher at the open on Wednesday, and has now broken above towards the $150 level. The market is starting to run away, but at this point I think chasing the trade is not the thing to do. If you are not already involved in this market, you’re in a situation where you have to wait for a pullback. Otherwise, you risk a serious drawdown.
LiteCoin
LiteCoin rallied again on Wednesday, testing the $34 level. Now that we are above the $30 level, looks as if the market is going to continue to go higher, perhaps reaching towards the $40 handle over the next several sessions. I have no interest in selling, and I believe that the market continues the longer-term uptrend that we have seen for so many weeks.
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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