The Daily View for Litecoin
- Currently, LTC’s price is up $0.3 (0.5%) 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.
- 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.
- 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.
The Daily View for Litecoin
- Currently, LTC’s price is up $0.3 (0.5%) 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.
- 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.
The Latest From LTC’s Blockchain
- LTC’s number of daily new addresses now stands at 0.
- Over the past 29 weeks, LTC’s daily transaction count has been in a clear uptrend, growing by about 516.98 per day.
- LTC has a count of active addresses of 0, down 100% from its value day prior.
Featured Litecoin Idea From TradingView
Below is a trading comment entitled LTC/USDT Opp. you may find interesting:
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