Litecoin’s Cold Streak: Down 4 of the Past 5 Days

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.4 (-0.87%) from the day prior.
  • This is the 2nd day in a row Litecoin has seen its price head down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Of note is that the 20 day changed directions on LTC; it is now pointing down. 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 moment, LTC’s price is down $-0.81 (-1.76%) from the day prior.
  • Litecoin has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • 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 daily large transaction count of 0, down 100% from its value day prior.
  • Over the past 29 weeks, LTC’s number of daily new addresses has been in a clear uptrend, growing by about 645.32 per day.
  • LTC’s number of daily new addresses now stands at 0.