Wondering About Litecoin’s Latest Average Transaction Value? Read to Find Out

The Daily View for Litecoin

  • Currently, LTC’s price is up $2.24 (0.85%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. 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

  • At the moment, LTC’s price is up $2.33 (0.89%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Litecoin has now gone up 4 of the past 5 days.
  • 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 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

  • For LTC, its daily large transaction count is now at 0.
  • Over the past 29 weeks, the trend for LTC’s average transaction value has been choppy and unclear. It has oscillated between 0 and 750.8056.
  • 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 LTC finishing retracement before reaching $500 you may find interesting:

LTC pattern have been different from BTC and makes it much interesting to follow.Good bull run needs some retracing and seems like LTF is fominrg head and shoulders pattern here. Expecting to reach fib 0.382 level from where we will bounce towards $500. Ultimate target for LTC during this run is around $1500.

Em4rk