Litecoin is Up for the 2nd Day in a Row

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.

LTC

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.

LTC

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:

LTC Depending on Historical Analyst Profit Target: TP3.95% : 61.695.60%: 62.419.10%: 64.44Stop Losses 1%For more ideas, please hit “Like” and “Follow”!

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