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 up $0.04 (0.07%) from the day prior.
  • The daily chart shows that Litecoin has seen 2 straight up days.
  • 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

  • At the time of this writing, LTC’s price is down $-0.03 (-0.05%) from the day prior.
  • Litecoin has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns 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

  • Over the past 29 weeks, LTC’s average transaction value has been in a clear uptrend, growing by about 1.61 per day.
  • LTC’s number of daily new addresses now stands at 0.
  • LTC has a number of daily new addresses of 0, down 100% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled ✅LITECOIN WAIT FOR BREAKOUT|SHORT🔥 you may find interesting:

https://www.tradingview.com/x/q4CwEUHS/ ✅LITECOIN is trading in a bearish triangle So I am naturally bearish biasedBut we need to wait for the breakout To get a confirmation and then go short SHORT🔥✅Like and subscribe to never miss a new idea!✅

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