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!