Litecoin Does it Again: Heads Down for the 2nd Straight Day

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is up $0.68 (0.34%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 and 50 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-1.46 (-0.72%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 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.

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 transaction count has been choppy and unclear. It has oscillated between 0 and 196191.
  • For LTC, its number of daily new addresses is now at 0.
  • LTC has a daily large transaction count of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

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

LTC still looks great for this continuation pattern on declining volume to move to 401 when we break out

Assaultwombat