Litecoin Does it Again: Heads Up for the 6th Straight Day

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.14 (0.08%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

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 $0.16 (0.09%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Litecoin has now gone up 5 of the past 5 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 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

  • LTC has an average transaction value of 367.4844, up 16.89% from its value day prior.
  • Over the past 29 weeks, the trend for LTC’s average transaction value has been choppy and unclear. It has oscillated between 30.6594 and 750.8056.
  • LTC’s daily large transaction count now stands at 2093.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled LITECOIN : LAST CORRECTION BEFORE TAKEOFF you may find interesting:

If Litecoin corrects back down to the lows, we shall see this repeat.Same Pattern can be seen on ethereum aswell if you compare the 2017 mid top.

FrostDust