Hello and welcome to News BTC’s Market Outlook May 30.
DASH/USD
DASH in a positive session on Monday, initially reaching all the way towards the $119 level, but gave back some of the gains. Nonetheless, it is obvious that we are fighting our way to the upside, and it appears that the $104 level is starting to offer significant support. Because of this, if you can handle the volatility, this could be a nice buying opportunity.
LTC/USD
LiteCoin rally during the day, but just barely. The $24 level offered enough resistance to cause downward pressure, so at this point if we can break above the $25 level, I would be more convinced than willing to buy. Until then, I think it’s probably best left alone as it looks like it is trying to for some type of basing pattern.
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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