DASH/USD and LTC/USD Technical Analysis June 9, 2017

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DASH/USD

DASH continues to look bullish in general, as we initially pulled back but then found plenty of buying pressure during the day on Thursday. The $150 level of course looks resistive still, and on the daily close above that level, I feel that this market can go much higher. Until then, it’s essentially a “buy on the dips” situation.

LiteCoin

LTC/USD initially tried to rally during the day on Thursday but found quite a bit of resistance near the $30 level. Although I remain bullish of this market, I feel that we are not quite ready to break out to the upside yet. Look for short-term pullbacks as buying opportunities in a sustained move above $30 as a sign that we are ready to go looking for the $34 level above.

Thanks for watching and I’ll 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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