Litecoin’s Daily Large Transaction Count is 0 — How Did it Impact Price?

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.14 (0.24%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • 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 100 day changed directions on LTC; it is now pointing up. 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 $0.13 (0.22%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Litecoin has now gone up 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 20 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 average transaction value has been in a clear uptrend, growing by about 2.80 per day.
  • For LTC, its daily transaction count is now at 0.
  • LTC has a daily large transaction count of 0, down 100% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled LTC’s August 2022 Goals you may find interesting:

In the short-term, LTC may rise to the $80-100 price zone in August 2022RSI is above 50, expect #LTC to not fall anymore

tienminhnguyen