Market in last 1 week
-LTCUSD saw a downtrend after a rejection from 61
-Price volatility was very high. The market moved ~17.75%, between $61.1 and $51.89
Today’s Trend analysis
-LTCUSD expected to see sideways movement as Bollinger Band squeezes
-Price at time of publishing: $54.33
-XRP’s market cap: $3.58 Billion
-Oscillator indicators are mostly neutral. RSI at 51 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 an increase in volume and after the spike volume eventually fell down
Price expected to move sideways as Bollinger Band squeezes. Most of the Oscillator indicators are neutral. MACD crossed below the signal, histogram size increasing in the negative region. RSI at 51, in the neutral region from overbought region. CCI at -54, in the neutral region decreasing downwards from last few candles. Another interesting point to notice here is that volume from 118.8k reached at a spike of 275k and fell down again at 119k.
----------------------------------------------------------------------------------------
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 after a rejection from 61
-Price volatility was very high. The market moved ~17.75%, between $61.1 and $51.89
Today’s Trend analysis
-LTCUSD expected to see sideways movement as Bollinger Band squeezes
-Price at time of publishing: $54.33
-XRP’s market cap: $3.58 Billion
-Oscillator indicators are mostly neutral. RSI at 51 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 an increase in volume and after the spike volume eventually fell down
Price expected to move sideways as Bollinger Band squeezes. Most of the Oscillator indicators are neutral. MACD crossed below the signal, histogram size increasing in the negative region. RSI at 51, in the neutral region from overbought region. CCI at -54, in the neutral region decreasing downwards from last few candles. Another interesting point to notice here is that volume from 118.8k reached at a spike of 275k and fell down again at 119k.
----------------------------------------------------------------------------------------
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
