Litecoin’s Cold Streak: Down 8 of the Past 10 Days

The Daily View for Litecoin

  • At the moment, LTC’s price is up $0.68 (1.52%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is down $-5.07 (-10.02%) 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.
  • Regarding the trend, note that the strongest trend exists on the 50 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 transaction count of 0, down 100% from its value day prior.
  • Over the past 29 weeks, the trend for LTC’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 12296.
  • LTC’s daily large transaction count now stands at 0.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Has LTC found a bottom? you may find interesting:

For the past couple months, TA says we have to see a relief rally. US stocks and FED have been in sync with crypto and have been holding it down instead of TA playing out as usual. Looking at how stocks are waiting for investors to get bullish and how BTC is staying down even though most indicators show it has to move up. We are in uncharted territory and literally could go either way. This is the first ti…

gunmetalblue2010