Wondering About Litecoin’s Latest Daily Large Transaction Count? Read to Find Out

The Daily View for Litecoin

  • At the moment, LTC’s price is down $-0.52 (-0.23%) 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 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 $-0.42 (-0.18%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a doji 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 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

  • Over the past 29 weeks, the trend for LTC’s daily transaction count has been choppy and unclear. It has oscillated between 0 and 196191.
  • For LTC, its average transaction value is now at 0.
  • LTC has an average transaction value of 0, NA NaN% from its value day prior.

Featured Litecoin Idea From TradingView

Below is a trading comment entitled Litecoin | $270 and $330 – maybe tomorrow? you may find interesting:

๐Ÿ‘‹Hello Traders!๐Ÿ“ˆ # LTC formed a strong upward pattern “Triangle” (MN1 and W1). Today it broke the first level of $215. To move towards his goals of $270 and $330, he needs to break through the last level of $232.Who b…

Maxim_Lushnikov