LTC/BTC 1D - Pennant Breakout
As January has been a month where the criptocurrency market has had a great correction, better news started to come up especially about LITECOIN, one of the first and main criptos in the market, which has differentiated from the other criptos such as BTC, due to its extremely low transaction fees, and also due to the speed of its transactions.
In February, LTC is launching its very own payment platform LitePay, which maybe a very positive sign. LTC is essentially trying to ease the usage of criptocurrency, which is one of the main purposes of this revolutionary technology.
As we can clearly see in the graphic above. The figure of a pennant is formed. For the short term all the indicators are pointing for a period of consolidation. Further into February there might be a pennant breakout, possibly after breaking the level of 0.0178 and reaching the FIBO of 0.5.
If the LitePay platform runs as planned, we might have enough bullish momentum to reach the FIBO projection of 1 (0.02551)
Safe trades everybody!
As January has been a month where the criptocurrency market has had a great correction, better news started to come up especially about LITECOIN, one of the first and main criptos in the market, which has differentiated from the other criptos such as BTC, due to its extremely low transaction fees, and also due to the speed of its transactions.
In February, LTC is launching its very own payment platform LitePay, which maybe a very positive sign. LTC is essentially trying to ease the usage of criptocurrency, which is one of the main purposes of this revolutionary technology.
As we can clearly see in the graphic above. The figure of a pennant is formed. For the short term all the indicators are pointing for a period of consolidation. Further into February there might be a pennant breakout, possibly after breaking the level of 0.0178 and reaching the FIBO of 0.5.
If the LitePay platform runs as planned, we might have enough bullish momentum to reach the FIBO projection of 1 (0.02551)
Safe trades everybody!