LitecoinLong
LTC to see an uptrend(1D) | Lower band support with BB squeeze
Market in last 1 week
Today’s Trend analysis
*LTCUSD expected to see an uptrend as the price was trading between midline getting support from the lower band and lower band with Bollinger band expansion
*Price at time of publishing: $44.52
*LTC’s market cap: $2.91 Billion
*Oscillator indicators are mostly neutral. RSI at 36 in the neutral region
*Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral with the Hull MA indicating buying opportunities
*Volume indicators saw an increase as the price decreased and saw a decrease as price saw an uptrend indicating a strengthened selling pressure
Price expected to see an uptrend as the price was trading between midline and the lower band getting support from the lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, the histogram in the negative region. RSI at 36, in the neutral region below the midline. CCI at -176, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase as the price decreased and saw a decrease as price saw an uptrend indicating a strengthened selling 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 downtrend and started riding the lower Bollinger band
- Price volatility was very high. The market moved ~19.16%, between $49.62 and $41.64
Today’s Trend analysis
*LTCUSD expected to see an uptrend as the price was trading between midline getting support from the lower band and lower band with Bollinger band expansion
*Price at time of publishing: $44.52
*LTC’s market cap: $2.91 Billion
*Oscillator indicators are mostly neutral. RSI at 36 in the neutral region
*Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral with the Hull MA indicating buying opportunities
*Volume indicators saw an increase as the price decreased and saw a decrease as price saw an uptrend indicating a strengthened selling pressure
Price expected to see an uptrend as the price was trading between midline and the lower band getting support from the lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, the histogram in the negative region. RSI at 36, in the neutral region below the midline. CCI at -176, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase as the price decreased and saw a decrease as price saw an uptrend indicating a strengthened selling pressure
----------------------------------------------------------------------------------------
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
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