Litecoin is Down for the 3rd Day in a Row

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.02 (-0.04%) 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.
  • 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 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 $-0.02 (-0.04%) from the day prior.
  • The daily chart shows that Litecoin has seen 3 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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. With that said, traders should also note the downtrend on the 10 daily candle timeframe, so the meaning of the candles may require further exploration.
  • 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

  • Over the past 29 weeks, LTC’s daily transaction count has been in a clear uptrend, growing by about 533.81 per day.
  • For LTC, its number of daily new addresses is now at 0.
  • LTC has a count of active addresses of 0, down 100% from its value day prior.