Litecoin (LTC/USD) Breakout is very strong and promising! (Read)
Litecoin, with the recent announcements relating to the processing system LitePay, has seen a spike in price that- with the general market support, is a very promising indicator that the falling wedge was broken (an extremely bullish breakout indicator).
With everything in mind, my tentative opinion would be:
1. LTC falls back just a bit for the next few days
2. Just before the actual release of LitePay, another push (to maybe $280-290ish) occurs
3. Sell the news, huge selloff from investors that profited enough the day of and after LitePay's release (Feb 29)- back down to 240ish
4. Continue general market sentiment will play in favor of LTC and breeze it along into the low 300s over the course of March.
finacial blah blah blah, be smart and remember that I am just an internet person so do your own due diligence before investing.
Good luck!
With everything in mind, my tentative opinion would be:
1. LTC falls back just a bit for the next few days
2. Just before the actual release of LitePay, another push (to maybe $280-290ish) occurs
3. Sell the news, huge selloff from investors that profited enough the day of and after LitePay's release (Feb 29)- back down to 240ish
4. Continue general market sentiment will play in favor of LTC and breeze it along into the low 300s over the course of March.
finacial blah blah blah, be smart and remember that I am just an internet person so do your own due diligence before investing.
Good luck!
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