LockTrip Eyes the 200 day moving averageLockTrip 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 months. Marketing of the website will begin also. This is be a very nice push from the bull side of the market and help us gauge what real value is once this public is more aware of this project.
Not very much time left to be an early adopter in this one!
Locktrip
LockTrip Breaking Through ResistanceLocktrip 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 reversing into Bull MarketLocktrip 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.
LockTrip (LOC)/BTC 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.
