Litecoin Chart and News Update - March 21, 2018
It has been exactly a week since my last post on Litecoin's price. So revisiting the Litecoin chart today, here's the latest daily snapshot of LTC/BTC:
We are still straddling the lower line of the uptrend channel. So at this time, I am still holding on the my opinion that we are still in a long-term uptrend. However, checking the volume at the bottom portion of the chart, there doesn't seem to be any strength. Hence, we seem to just be drifting along.
Litcoin News
I came across an article a week ago that gave more insight into the indefinite delay of LitePay and the reason behind it. The article can be referenced here: Litcoin(LTC): LitePay Is Not Going To Happen.
According to the article, the reason for the delay is "because they weren’t able to grab attention and capture the interest of any of the card service providers that would propel their project." The card service providers being referred to here are the likes of Visa and MasterCard.
So with no strong backing, what's next for LitePay? Certainly, it's been close to a month and I have not (or at least I'm not aware of) heard of further news or updates that would help appease potential investors.
If you've heard of something, please share in the comments section below. Thanks.
Risk Warning: All comments, charts and analysis on this post are purely my own and should in no way be treated as recommendations or advice, nor should they be construed as an endorsement or recommendation to buy, sell or hold. Please do not trade based solely on the information provided on this post. Furthermore, past performance does not guarantee future success. Always do your own due diligence and analysis when trading.
Chart courtesy of TradingView
Well said, the LiteCoin is going somewhere.
I am bullish for the longer term as well. LitePay has some hurdles though.
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