Litecoin’s Number Of Daily New Addresses is 0 — How Did it Impact Price?

The Daily View for Litecoin

  • Currently, LTC’s price is up $0.25 (0.42%) from the day prior.
  • Litecoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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

  • At the time of this writing, LTC’s price is down $-0.13 (-0.22%) 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.
  • 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 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

  • LTC has a daily large transaction count of 0, down 100% from its value day prior.
  • Over the past 29 weeks, LTC’s daily transaction count has been in a clear uptrend, growing by about 443.90 per day.
  • LTC’s average transaction value now stands at 0.