DASH/USD and LTC/USD Technical Analysis June 2, 2017

Hello and welcome to News BTC’s Market Outlook June 2.[embedded content]

DASH/USD

DASH tried to rally during the session on Thursday, but continues to find resistance near the $150 level. It’s likely that this area will continue to cause a bit of trouble, so a pullback from here would be expected. Below the $136 level, we could see a move towards the $120 level rather quickly. Alternately, if we can break above the top of the range for the session, essentially the $150 level, then we could see a move much higher.

LTC/USD

LiteCoin rally during the day on Thursday, breaking above the vinyl $26 level. It now looks as if the $30 level will be targeted next, and then eventually the $34 level after that. Short-term pullback should continue to be buying opportunities, as it looks like the uptrend is ready to resume.

Thanks for watching, 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.

Source: Newsbtc

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