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

The Daily View for Litecoin

  • At the time of this writing, LTC’s price is down $-0.13 (-0.06%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend 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 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.

Litecoin’s hourly price chart is shown below.

LTC

The Daily View for Litecoin

  • Currently, LTC’s price is down $-0.09 (-0.04%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 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

  • LTC’s daily transaction count now stands at 0.
  • Over the past 29 weeks, LTC’s daily large transaction count has been in a clear downtrend, falling by about 18.05 per day.
  • LTC has a number of daily new addresses of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin about to wake up? you may find interesting:

LTC is currently breaking a triangle formed since early 2021.Price target is about 380$ (102% trade) if the breakout is confirmed.

hardstylz