Market in last 1 week
-LTCUSD saw a downtrend and moved below the midline
-Price volatility was very high. The market moved ~12.78%, between $63.87 and $56.63
Today’s Trend analysis
-LTCUSD expected to move sideways as the price after getting rejected from upper band got support from midline
-Price at time of publishing: $58.6
-LTC’s market cap: $3.83 Billion
-Oscillator indicators are mostly neutral. RSI at 50 in the neutral region
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
-Volume indicators saw a similar value of volume traded in the recent candles
Price expected to move sideways as the price after getting rejected from upper band got support from midline. Most of the Oscillator indicators are neutral. MACD line moving below the Signal line, histogram size increasing in the negative region. RSI at 50, in the neutral region around the midline. CCI at -30, still in the neutral region. Another interesting point to notice here is that the volume saw a similar value in the recent candles around 150k being below the 20-candle moving average which decreased from 293k to 259k.
----------------------------------------------------------------------------------------
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
-LTCUSD saw a downtrend and moved below the midline
-Price volatility was very high. The market moved ~12.78%, between $63.87 and $56.63
Today’s Trend analysis
-LTCUSD expected to move sideways as the price after getting rejected from upper band got support from midline
-Price at time of publishing: $58.6
-LTC’s market cap: $3.83 Billion
-Oscillator indicators are mostly neutral. RSI at 50 in the neutral region
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
-Volume indicators saw a similar value of volume traded in the recent candles
Price expected to move sideways as the price after getting rejected from upper band got support from midline. Most of the Oscillator indicators are neutral. MACD line moving below the Signal line, histogram size increasing in the negative region. RSI at 50, in the neutral region around the midline. CCI at -30, still in the neutral region. Another interesting point to notice here is that the volume saw a similar value in the recent candles around 150k being below the 20-candle moving average which decreased from 293k to 259k.
----------------------------------------------------------------------------------------
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
