Litecoin is Down for the 6th Day in a Row

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-0.38 (-0.5%) from the day prior.
  • The daily chart shows that Litecoin has seen 2 straight down days.
  • 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.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20 and 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 $-0.09 (-0.12%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Litecoin has now gone down 5 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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 downtrend on the 20 and 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.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • LTC has a daily large transaction count of 0, NA NaN% from its value day prior.
  • 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 346838.
  • LTC’s count of active addresses now stands at 0.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Crypto is scam – LTC going to $60 in the next few weeks you may find interesting:

Crypto is scam – LTC going to $60 soon. I am glad to see crypto market crash because its the biggest scam. If you decide to buy some LTC I would say don’t buy more than 3 or 4 shares because it will be $60 and possibly $50 very soon. Stay tuned.

ydah