Is LTC’s Trend Waning? Oscillators Suggest So

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.66 (0.38%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is up $0.68 (0.39%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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 alert: Trend in LTC’s price and its RSI are diverging. LTC’s price is rising slower than its RSI.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • LTC’s daily large transaction count now stands at 1965.
  • Over the past 29 weeks, LTC’s number of daily new addresses has been in a clear uptrend, growing by about 617.42 per day.
  • LTC has a count of active addresses of 614390, up 23.37% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled What if… LTCUSD you may find interesting:

Since current LTCBTC charts present best ever buying opportunity if it comes to LITECOIN vs BTC relation (0.0031) we shouldn’t be surprised seeing new ATH on LTCUSD market if Bitcoin’s price will continue to climb. Similarities rarely play significant role in price action – they do however make it a…

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