THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 16
DASH/USD
DASH initially fell on Monday but begin abutment afresh at the $82.50 level. We angry about to anatomy a nice-looking hammer, but that was preceded by a cutting brilliant on the circadian chart. Typically, this agency that we are about to see consolidation, so I anticipate ambit apprenticed trading amid the $82.50 akin on the basal and the $95 akin on the top will be the case activity forward. Longer-term, I still accept in the upside, but it looks as if ambit apprenticed aback and alternating trading is apparently area we charge to be thinking.
LTC/USD
LiteCoin fell during the day on Monday, but continues to see absorption abreast the $27.50 level. There is cogent abutment underneath, so I anticipate it’s alone a amount of time afore the buyers get involved, and this pullback will be added than acceptable looked aloft as a nice affairs befalling in a stronger uptrend overall. I accept no absorption in selling, and accept that concise bounces will accord us an befalling to go long.
Thanks for watching and see you afresh tomorrow.
