Litecoin Came Into Today Up 3.58%

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.15 (-0.11%) 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 100 day timeframe.
  • 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • Currently, LTC’s price is up $4.53 (3.58%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 200 day changed directions on LTC; it is 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.
  • 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 daily large transaction count of 0, NA NaN% from its value day prior.
  • Over the past 29 weeks, LTC’s average transaction value has been in a clear downtrend, falling by about 1.04 per day.
  • For LTC, its daily transaction count is now at 0.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin Rally 3.0 (Bear or bull?) you may find interesting:

Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern.There is a …

Sporia