LockTrip has broken through the 100 Day EMA and through the descending wedge that was forming. Look for LOC to make gains to the 200 Day EMA.
Once the LOC 2.0 Economy gets going near the end of November, 5% of all bookings will be purchased in LOC off the exchange and burnt. In addition, another 5% will be purchased in LOC and locked in a smart contract for 6...
Locktrip has broken through the 50 day EMA (orange) has now hit the 100 day EMA (yellow) a few times. We will be looking for it to break through this resistance.
If we look back to the 2018 run, we see once it broke through the 100 day EMA, it was used for support a few times before breaking through the 200 day EMA.
LOC wicked off the support once more in conjunction with Bitcoin dropping today. This gives me even more confidence of a breakout to the upside in the next 2-3 days. First resistance gives +20% vs BTC.
If LOC were to drop, there would be many people excited about those prices to accumulate including myself. I don't think it would last.
Trade at your own risk.
Locktrip has turned bullish on the weekly MACD. As you can see from the chart, the last time this occurred, LOC took off vs BTC for a few weeks for a 400% vs BTC. Let's see if it plays out again.
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.
