Litecoin’s Average Transaction Value is 0 — How Did it Impact Price?

The Daily View for Litecoin

  • At the moment, LTC’s price is up $1.37 (0.52%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward 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 $1.48 (0.56%) from the day prior.
  • Litecoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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 average transaction value now stands at 0.
  • 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 411298.
  • LTC has an average transaction value of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin reacting to upcoming upgrades you may find interesting:

Litecoin is having it’s moment in the spotlight today. The upcoming upgrades are being factored into the price prior to going live. This rapid momentum has sent us deep into oversold territory and marks the need for a pullback to cool things off. At this moment, it does not appear that LTC res…

ThePickleRick