Market in last 1 week
Price expected to see an uptrend as the price after getting rejected from the upper band and riding the midline got midline support. Most of the Oscillator indicators are neutral. MACD line approaching from above the Signal line, histogram size decreasing in the positive region. RSI at 54, in the neutral region above the midline. CCI at 65, in the neutral region with a slight upmove. Another interesting point to notice here is that the volume saw a decrease with price decline while an increase in volume as the price increased indicating a strengthened buying pressure.
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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 a decline after getting upper band rejection followed by consolidation
- Price volatility was very high. The market moved ~8.81%, between $49.66 and $45.64
- LTCUSD expected to see an uptrend as the price after getting rejected from the upper band and riding the midline got midline support
- Price at time of publishing: $49.31
- LTC’s market cap: $3.24 Billion
- Oscillator indicators are mostly neutral. RSI at 54 in the neutral region
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral with the Hull MA indicating buying opportunities
- Volume indicators saw a decrease with price decline while an increase in volume as the price increased, the total volume being below the 20-candle moving average
Price expected to see an uptrend as the price after getting rejected from the upper band and riding the midline got midline support. Most of the Oscillator indicators are neutral. MACD line approaching from above the Signal line, histogram size decreasing in the positive region. RSI at 54, in the neutral region above the midline. CCI at 65, in the neutral region with a slight upmove. Another interesting point to notice here is that the volume saw a decrease with price decline while an increase in volume as the price increased indicating a strengthened buying pressure.
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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
