The Daily View for Litecoin
- At the moment, LTC’s price is up $0.47 (0.68%) from the day prior.
- Litecoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- Regarding the trend, note that the strongest trend exists on the 100 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.
Litecoin’s hourly price chart is shown below.
The Daily View for Litecoin
- Currently, LTC’s price is up $0.47 (0.68%) from the day prior.
- Litecoin has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- Of note is that the 20 day changed directions on LTC; it is now pointing up. 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.
- 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.
The Latest From LTC’s Blockchain
- Over the past 29 weeks, LTC’s daily transaction count has been in a clear uptrend, growing by about 385.03 per day.
- For LTC, its daily transaction count is now at 0.
- LTC has a daily large transaction count of 0, down 100% from its value day prior.
Featured Litecoin Idea From TradingView
Below is a trading comment entitled 🔥 Litecoin In A Huge Horizontal Channel you may find interesting:
LTC was huge last cycle. This cycle, not so much. However, that doesn’t mean that we can still scout decent entries for it.When looking at the LTC chart, we can clearly see that it’s trading between two key areas (purple). S…