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

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is up $0.27 (0.25%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head up.
  • 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.
  • 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 up $0.25 (0.24%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Litecoin has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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.
  • 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

  • Over the past 29 weeks, the trend for LTC’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 411298.
  • LTC’s daily transaction count now stands at 0.
  • LTC has a daily large transaction count of 0, NA NaN% from its value day prior.