Hello and welcome to News BTC’s Market Outlook May 31.
DASH/USD
DASH rose during the session on Tuesday, reaching towards the $124 level. If we can break above that level, I feel that the market will then go looking for the $140 level, offering a nice buying opportunity. Pullbacks should continue to find plenty support near the $116 level, which offered support during the day. Expect choppy conditions, but we should continue to see buyers.
LTC/USD
LiteCoin had a bullish session on Tuesday, reaching towards the $26 level. A break above there should send this market looking for the $30 level above which has been a bit resistive in the past. We have gradually slid lower over the last several sessions, but we still have plenty of support below and I believe that this pullback is simply an opportunity to build up position signs for the longer-term bullish move.
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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