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

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-1.38 (-0.49%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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 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

  • Currently, LTC’s price is down $-1.38 (-0.49%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward 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 number of daily new addresses of 0, NA NaN% from its value day prior.
  • Over the past 29 weeks, the trend for LTC’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 411298.
  • LTC’s number of daily new addresses now stands at 0.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin Rally starts December 9th 2021 you may find interesting:

In my previous TA we caught that rally breaking from 200 to 300 , have a look below.https://www.tradingview.com/chart/LTCPERP/JUOhdJig-Litecoin-Rally/Now Litecoin is setting up for an even bigger move , this next one could be more explosive than the last taking it to all time high. So right now price is hovering under the 8/1 Gann ratio, we failed to close any daily above it since its breakout and until we do break at 8/1 ratio and close a daily above we will not see an all time high. So the question is when does it break it?Sometime in the next 30 days the 8/1 Gann ratio comes into a squeeze by December 15th 2021 and we have a very interesting Fib Time date on the 9th Dec 2021.Fib Time Dates :10th May 202120th July 202129th September 20219th December 202130th April 2022These are very interesting sets of dates for a number of reasons , f…

Sporia