Litecoin Came Into Today Up 0.08%

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.04 (0.08%) from the day prior.
  • Litecoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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.
  • Of note is that the 20 day changed directions on LTC; it is now pointing up. 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

  • At the moment, LTC’s price is up $0.04 (0.08%) 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 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • 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

  • Over the past 29 weeks, the trend for LTC’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 12296.
  • For LTC, its daily transaction count is now at 0.
  • LTC has a number of daily new addresses of 0, down 100% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled BTCUSD you may find interesting:

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