Don’t Look Now, But Litecoin is Going Parabolic

The Daily View for Litecoin

  • Currently, LTC’s price is down $-2.46 (-0.94%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 day changed directions on LTC; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • Currently, LTC’s price is down $-2.89 (-1.11%) from the day prior.
  • The daily chart shows that Litecoin has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between LTC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in LTC’s price.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • LTC has a count of active addresses of 0, NA NaN% from its value day prior.
  • Over the past 29 weeks, the trend for LTC’s count of active addresses has been choppy and unclear. It has oscillated between 0 and 720495.
  • For LTC, its daily large transaction count is now at 0.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled LTC/USD Chart you may find interesting:

Before I start to talk about LTC I would be grateful if you could follow, like and comment about the idea. First of all we can see from previous bull runs that LTC always has a strong run in the Q4, and it seems that this time its gonna be the same. In my previous LTC chart (check linked idea) I dre…

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