Litecoin Came Into Today Down -2.38%

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-1.12 (-0.63%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head down.
  • Regarding the trend, note that the strongest trend exists on the 100 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-4.35 (-2.38%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Of note is that the 20 and 200 day changed directions on LTC; they are now pointing up. 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.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • LTC has a daily large transaction count of 2441, up 42.67% from its value day prior.
  • Over the past 29 weeks, LTC’s daily large transaction count has been in a clear downtrend, falling by about 12.05 per day.
  • LTC’s average transaction value now stands at 68.4687.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled LTC analysis you may find interesting:

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.>>> descending symmetrical triangle pattern

Mehran_N