When we were previously at these levels at these levels in Sept 2018, there was about a month of accumulation and then a violent move up for 400% gains against BTC. I am expecting similar movement here in LockTrip over the next month or two.
Comment:
Still on the uptrend and now at 0.000106 (LOC/BTC. That is about 25% increase from earlier today when the idea was posted.
A trading competition was just announced by LockTrip team on Kucoin that runs from May 18 to June 14th. This could end up being the accumulation phase. Depending on traders selling the rewards from the competition, we should see the large rise a few weeks after June 14th.
A trading competition was just announced by LockTrip team on Kucoin that runs from May 18 to June 14th. This could end up being the accumulation phase. Depending on traders selling the rewards from the competition, we should see the large rise a few weeks after June 14th.
Comment:
If Bitcoin pushes any higher, the support could break.
Comment:
Although the timing was not correct and we have been touching below the support line, my fundamental analysis of LockTrip will not allow me to sell. Furthermore, I did not anticipate such a rise in Bitcoin which has attributed to the fall of LOC/BTC.
We also have a macd on the weekly chart that is about to turn bullish. This was the final indicator in Sept 2018 before the massive rise against BTC. Now that BTC is starting to correct some more, its very possible the next two to three weeks for LOC could be the reversal to the bull market and lead to a much higher price.
We also have a macd on the weekly chart that is about to turn bullish. This was the final indicator in Sept 2018 before the massive rise against BTC. Now that BTC is starting to correct some more, its very possible the next two to three weeks for LOC could be the reversal to the bull market and lead to a much higher price.
The order book is so thin on both HitBTC and Kucoin, the main exchanges LOC is listed, that on Kucoin we saw a wick hit just below 0.00013 (LOC//BTC giving almost 60% increase in price in about 5 hours.