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.
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.
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
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