DASH/USD and LTC/USD Technical Analysis May 23, 2017

DASH/USD and LTC/USD Technical Analysis May 23, 2017
Rate this post

Hello and welcome to News BTC’s Market Outlook May 23.[embedded content]

DASH/USD

DASH initially fell during the day on Monday but found enough support at the $92.50 level to turn around and bounce significantly. In fact, we tested the $105 level, and the area of contention as of late. If we can break above there, the market should then go to the $110 level next. Ultimately, I believe that the markets will continue to find buyers on dips, and we will eventually break above the $110 level, so I am bullish longer term.

LiteCoin

LiteCoin fell initially during the day on Monday, but found support at the $22 level again. This is an area that has been supportive in the past, and I believe that a break above the top of the candle for the session on Monday send this market higher again. I believe that we will grind towards the $30 level, and a break above there would signify that we’re going to have the longer-term moved to the upside. Ultimately, this is a market that is “by only.”

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.

About Christopher Lewis

> 257 Articles