Market in last 1 week
Price expected to see an uptrend as the price is riding the upper band with higher lows observed and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the Signal line, histogram size decreasing in the positive region, suggesting a bullish bias. RSI at 68, in the neutral region above the midline. CCI at 108, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume saw a decrease with price increase indicating a weakening buying pressure and a gap up condition was satisfied with a recent candle.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- LTCUSD saw an uptrend with the price riding the upper band
- Price volatility was very high. The market moved ~29.85%, between $60.90 and $46.90
- LTCUSD expected to see an uptrend as the price is riding the upper band with higher lows observed and Bollinger band expansion
- Price at time of publishing: $58.31
- LTC’s market cap: $3.834 Billion
- Oscillator indicators are mostly neutral. RSI at 68 in the neutral region
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
- Volume indicators saw a decrease with price increase being above the 20-candle moving average
Price expected to see an uptrend as the price is riding the upper band with higher lows observed and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the Signal line, histogram size decreasing in the positive region, suggesting a bullish bias. RSI at 68, in the neutral region above the midline. CCI at 108, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume saw a decrease with price increase indicating a weakening buying pressure and a gap up condition was satisfied with a recent candle.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
