LTCUSD to see an uptrend(1D)! | Higher lows were observed
Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend as the price was got support from lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above the Signal line, histogram size increasing in the positive region. RSI at 43, in the neutral region below the midline. CCI at -32, in the neutral region with an upmove. Another interesting point to notice here is that the volume saw a decrease in recent candles except for a spike for each red and blue candle with the volume being less than 20-candle moving average indicating bearish volume weighted moving average.
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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 after getting support from lower band
- Price volatility was very high. The market moved ~11.57%, between $4713 and $42.24
Today’s Trend analysis
- LTCUSD expected to see an uptrend as the price was got support from lower band with higher lows being observed
- Price at time of publishing: $46.01
- LTC’s market cap: $3.02 Billion
- Oscillator indicators are mostly neutral. RSI at 43 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 a decrease in recent candles except for a spike for each red and blue candle with the volume being less than 20-candle moving average
Price expected to see an uptrend as the price was got support from lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above the Signal line, histogram size increasing in the positive region. RSI at 43, in the neutral region below the midline. CCI at -32, in the neutral region with an upmove. Another interesting point to notice here is that the volume saw a decrease in recent candles except for a spike for each red and blue candle with the volume being less than 20-candle moving average indicating bearish volume weighted moving average.
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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
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