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

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is down $-0.16 (-0.33%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Litecoin has now gone down 9 of the past 10 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 $-0.16 (-0.33%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Litecoin has now gone down 8 of the past 10 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20, 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 daily transaction count is now at 0.
  • 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 has a count of active addresses of 0, down 100% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin approaching extreme value buy. you may find interesting:

Very simple position to take. Buy in the rectangle and wait. Long term trade. On the fundamental side, crypto is getting punched in the gut and following stocks indices (inflation, higher rates etc.). Litecoin ha…

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