DASH/USD and LTC/USD Technical Analysis June 14, 2017

DASH/USD and LTC/USD Technical Analysis June 14, 2017
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Hello and welcome to News BTC’s Market Outlook June 14.[embedded content]

DASH/USD

DASH rallied a bit after initially falling during the day on Tuesday, using the $160 level as support. The market broke above the $180 level at one point, but ultimately the market is very choppy and a bit overextended. I believe that the absolute “floor” in the market is at the $150 level below. I also recognize that the $200 level above is massively resistive.

LTC/USD

LiteCoin was relatively quiet during the session on Tuesday, as the $28 level offered a bit of support. The resistance above at the $34 level is going to be difficult to break, but I think we are getting ready to go higher, perhaps offering a short-term buying opportunity. If we can break above the $34 level, the market should then go towards the $40 level above there. Longer-term, this is a market that is most certainly bullish.

Thanks for watching, 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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