Litecoin Enters Today Down -0.08%

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is down $-0.15 (-0.08%) 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.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 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 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 $-0.15 (-0.08%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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.
  • 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 large transaction count is now at 0.
  • 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.
  • LTC has a number of daily new addresses of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

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

LTC i am still very bullish on. The big picture is that we are about to get continuation from this massive adam and eve patter. On the smaller time frame, we are consolidating in a symmetrical triangle for continuation to 401. The volume profiles are fantastic all around on the Adam and eve and the symmetrical triangle

Assaultwombat