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

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-0.1 (-0.15%) from the day prior.
  • Litecoin has seen its price go down 9 out of the past 10 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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 and 10 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.1 (-0.15%) from the day prior.
  • Litecoin has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend 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 and 10 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.

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 10456.
  • For LTC, its daily large transaction count is now at 0.
  • LTC has a number of daily new addresses of 0, NA NaN% from its value day prior.