Litecoin is Up for the 2nd Day in a Row

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is up $0.12 (0.12%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head 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 doji 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 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

  • At the time of this writing, LTC’s price is up $0.12 (0.12%) from the day prior.
  • The daily chart shows that Litecoin has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Litecoin. Given that we see downtrend 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 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

  • LTC has a number of daily new addresses of 0, NA NaN% from its value day prior.
  • Over the past 29 weeks, the trend for LTC’s daily transaction count has been choppy and unclear. It has oscillated between 0 and 144490.
  • LTC’s number of daily new addresses now stands at 0.

Featured Litecoin Idea From TradingView

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LTC has been struggling to go down for the past few months because it doesnt want to go down empty handed. Its been moving in the range of $90s to $130s. Things have been slow and none sense because it wants to go down lower but not without taki…

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