LTC SECOND UPDATE !!! WE ARE ON THE RIGHT WAY !!!!
Updated
Hi guys ! welcome back for this new update !!!
As you can see, I had to change the width of the RED H & S head a little but it seems that the prices still follow the pattern I drew a few days ago.
Now we have risen above the line of EMA50 that was pierced, as I supposed, without too much difficulty, despite the volumes of exchange at this time are not very high.
I am confident that now the EMA50 has become a good support, not very strong, but should hold quite well.
Tomorrow, Monday, February 26, unless changes, the litepay service should be released and I think the ascent of these last hours, is also due to the ferment generated by this event.
I expect a good increase in prices in a short time, probably up to close the head of the H & S pattern.
In the last sessions you can see that the prices have risen quite gradually and usually indicates a good stability of the price targets reached, but in the next sessions of exchange we could see an increase in volatility of prices due to the release of litepay, so we must be very careful to trade.
In conclusion, let's see what happens tomorrow and how the markets will react, hoping that the bullish signals observed lately will soon be realized with a powerful trend inversion.
We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
As you can see, I had to change the width of the RED H & S head a little but it seems that the prices still follow the pattern I drew a few days ago.
Now we have risen above the line of EMA50 that was pierced, as I supposed, without too much difficulty, despite the volumes of exchange at this time are not very high.
I am confident that now the EMA50 has become a good support, not very strong, but should hold quite well.
Tomorrow, Monday, February 26, unless changes, the litepay service should be released and I think the ascent of these last hours, is also due to the ferment generated by this event.
I expect a good increase in prices in a short time, probably up to close the head of the H & S pattern.
In the last sessions you can see that the prices have risen quite gradually and usually indicates a good stability of the price targets reached, but in the next sessions of exchange we could see an increase in volatility of prices due to the release of litepay, so we must be very careful to trade.
In conclusion, let's see what happens tomorrow and how the markets will react, hoping that the bullish signals observed lately will soon be realized with a powerful trend inversion.
We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
Note
Volume are aumented and volatility seem doing the same thing. Still waiting 9:00 am of San Francisco GMT for litepay release. For the moment the trend is going up, I hope to see a bigger grow after the release.Keep looking
Note
The litepay service will be launched tonight at 9.00 pm PST time.
You can register on the Litepay site starting from that time.
We will see what effect it will have on the markets.
For the moment we are seeing a stabilization of volumes above average and prices are swinging on the Fib retracement line at 0.5.
If prices were kept above the retracement, this could be considered a good achievement even if the volatility is still high.
Prices are on the rise and it is hoped that the trends remain this.
We continue to observe
Note
The things are changing!! An hour ago i received an email from Litepay (I'm subscribed at the site's newsletter) were this was written :"Thanks for your interest in LitePay! Registration for Merchant Payment Processing accounts will open today.
Due to recent hostile actions by card issuers towards crypto companies, we have decided that offering LitePay card registrations at this time is imprudent.
We will continue to monitor the situation with regards to card services and will open registration as soon as a reliable product can be supported.
If you are a merchant and you are ready to begin registration for a LitePay Merchant Payment Processing account, please follow the link below after 9:00 PM Pacific Time and click Sign up.
Thank you all for your support as we work to give merchants all over the world the ability to accept Litecoin."
probably the repercussions on the market to this news will not be really positive.
We could see a phase of price lateralization up to the launch or in the worst case to a fall already in the next few hours due to investor disappointment.
This may not even happen but I do not think there can be a sharp rise in prices now.
In any case, it will be very importante to see what happen at the moment of release, as it will still be launched but with reduced functionality respecting the promises.
we wait and cross our fingers.
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