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

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is down $-0.36 (-0.45%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.36 (-0.45%) from the day prior.
  • Litecoin has seen its price go down 4 out of the past 5 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.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • For LTC, its average transaction value is now at 0.
  • Over the past 29 weeks, the trend for LTC’s daily transaction count has been choppy and unclear. It has oscillated between 0 and 144490.
  • LTC has a number of daily new addresses of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Time to start DCA into quality cryptos like Bitcoin and Litecoin you may find interesting:

Price might go sideways or dip even further for some months, before eventually recovering hard end of the year beginning of 2023. Why ? Look at my chart, support lines AND upcoming Litecoin halving. Price recovery usually starts about 6 mths ahe…

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