Litecoin’s Latest Count Of Active Addresses Stands At 346791

The Daily View for Litecoin

  • At the moment, LTC’s price is up $0.35 (0.24%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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 up $0.44 (0.3%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Litecoin has now gone down 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend 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.

Below is a daily price chart of Litecoin.

LTC

The Latest From LTC’s Blockchain

  • Over the past 29 weeks, the trend for LTC’s average transaction value has been choppy and unclear. It has oscillated between 30.6594 and 750.8056.
  • LTC’s daily large transaction count now stands at 2232.
  • LTC has an average transaction value of 574.8998, up 883.94% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin- buy trade with GREAT R:R you may find interesting:

Since 6th September Litecoin is trading in a huge falling wedgeThe last 3 lows are marginal, indicating the lack of power from the bearsAt this moment LtcUsd is trading exactly in resistance and a break looks imminentThe target for a long trade can be 230 recent high, giving us a R:R of more than 1:4

OptimoomFX