Litecoin Enters Today Up 0.8%

The Daily View for Litecoin

  • At the moment, LTC’s price is up $0.36 (0.8%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head up.
  • 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 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

  • Currently, LTC’s price is up $0.36 (0.8%) from the day prior.
  • This move is a reversal from the day prior, which saw price move 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 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, LTC’s number of daily new addresses has been in a clear uptrend, growing by about 651.25 per day.
  • For LTC, its daily large transaction count is now at 0.
  • LTC has a daily large transaction count of 0, down 100% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Has LTC found a bottom? you may find interesting:

For the past couple months, TA says we have to see a relief rally. US stocks and FED have been in sync with crypto and have been holding it down instead of TA playing out as usual. Looking at how stocks are waiting for investors to get bullish and how BTC is staying down even though most indicators show it has to move up. We are in uncharted territory and literally could go either way. This is the first ti…

gunmetalblue2010