With August 9, Segregated Witness has finally completely locked down today. For now the network has to be very certain that all transaction are being done clear and stable. There is approx a month left until the installment of SegWit.
By analyzing the chart and the new low we can see that the price is going to bounce from the 46.00 support level. By drawing an upward line which will be a support line for further upwards movement. RSI is going to confirm price reversal. We can use a breakout signal for confirmation of the upward movement and entry in the market.
Those who daily trade or regurarly trade with Altcoins have an attraction of looking out for the next big thing to be there as early as it could get. So, who bought into NEO is more than happy right now. Fast forward to today, and the same token is worth just over US$50. It doesn’t happen all that often we see tokens increase in value by that much. Moreover, there is no real driving factor for this price increase either.
Bitcoin price has formed one more uptrend wave. The rise in demand didn’t lead to the full-scale correction. That is why this trend is is relied upon to last.
For the moment, the Hash rate has declined a little but it is still expected that it will go a 2.15% difficulty in about as predicted 10 days. With that the combined Difficulty difference of +113.74% would be brought since January 2017.
If the flow of the pair LTC/USD stays in positive supporting itself on that particular indicator, it could rise up to $47.50 level. The bullish pressure is there but the buyers could be waiting for a significant pullback and dip to buy in and give the community confidence for a near future price surge finally breaking $47.50 mark which as analyst might hoist the trading value up to a psychologically important $50 indicator and above.