Litecoin Snaps a 6 Day Down Streak

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.21 (0.36%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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

  • At the time of this writing, LTC’s price is up $0.21 (0.36%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Litecoin has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 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

  • Over the past 29 weeks, LTC’s number of daily new addresses has been in a clear uptrend, growing by about 645.29 per day.
  • LTC’s daily large transaction count now stands at 0.
  • LTC has a number of daily new addresses of 0, down 100% from its value day prior.

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