Hello and welcome to News BTC’s Market Outlook June 30.[embedded content]
DASH tried to rally during the Thursday session, but found the $190 level to be too resistive. Because of this, we turned around to form a bit of a shooting star and it looks like we may need to pull back to find more support and more importantly, momentum. Longer-term, it looks as if we are still trying to build up momentum to break above the $200 level. Look for major support near the $160 handle.
LiteCoin fell as well, reaching towards the $37.50 level. We still see a significant amount of support in this area, extending down to the $35 handle. We are looking for a supportive candle or some type of short-term bounce to start buying again. Ultimately this market looks as if it wants to test the $50 level, but we will have to break free of the $42.50 level, and then the $47.50 level after that. Longer-term, this market still looks very bullish.
Thanks for watching, we’ll see you again on Monday.
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.