Litecoin Closed Yesterday Down -0.23%

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.44 (-0.29%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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 down $-0.36 (-0.23%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend 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 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

  • For LTC, its daily transaction count is now at 138783.
  • Over the past 29 weeks, the trend for LTC’s daily transaction count has been choppy and unclear. It has oscillated between 72834 and 196191.
  • LTC has a daily large transaction count of 1890, down 20.59% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Breaking out of descending wedge LTC you may find interesting:

If played out right and fear is out of the market also with the right amount of volume we could be looking at making it back to the top of the wedge.Once that is completed we will be completing a bigger pattern which can lead us to a greater price target. ($400-$500+ USD area) *Not financial advice. Trade at your own risk*All feedback is greatly appreciated 🙏🏽 thank you.

Mr_Seeks