Hello and welcome to News BTC’s Market Outlook May 26.
DASH/USD
DASH continues to bullish overall, but had a negative session during the day on Thursday. Ultimately, we are in an uptrend but we are a little bit overbought currently. Looking for some type of support of bounce is probably the best way to go in this market. Short-term pullbacks should offer value the traders continue to take advantage of but we have come so far in such a short amount of time that a little bit of profit-taking makes quite a bit of sense.
LTC/USD
LiteCoin continues to look bullish overall, but also pulled back during the day, testing the $30 level. That area is acting as support as expected, it now should be an area where buyers step back into the market. The highs of course will be targeted near the $40 handle, and I believe that there is more than enough support extending all the way to the $24 level to keep this market very bullish over the longer term.
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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