LITE-ing the way - LTC
See the light in LTC (LitePay launch in 6 days)
Here are my thoughts on [LLTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold.
Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction."
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
Here are my thoughts on [LLTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold.
Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction."
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
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