LTCUSD to see a downtrend & uptrend after(1D) | High Volatility
Market in last 1 week
-LTCUSD saw an uptrend after getting resistance from the Upper band
-Price volatility was very high. The market moved ~23.39%, between $69 and $55.92
Today’s Trend analysis
-LTCUSD expected to move downwards for a few candles and then see an uptrend thereafter
-Price at time of publishing: $62.62
-XRP’s market cap: $4.09 Billion
-Oscillator indicators are mostly neutral. RSI at 60 in the neutral region
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
-Volume indicators saw an increase until the price reached a high and then decreased thereafter
Price expected to move downwards for a few candles and then see an uptrend thereafter. Most of the Oscillator indicators are neutral. Signal line approaching MACD from below, histogram size decreasing in the positive region. RSI at 60, in the neutral region from overbought region. CCI at -70, in the neutral region pulled back from overbought region. Another interesting point to notice here is that the 20-candle moving average decreased from 73.3k to 65.9k
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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 resistance from the Upper band
-Price volatility was very high. The market moved ~23.39%, between $69 and $55.92
Today’s Trend analysis
-LTCUSD expected to move downwards for a few candles and then see an uptrend thereafter
-Price at time of publishing: $62.62
-XRP’s market cap: $4.09 Billion
-Oscillator indicators are mostly neutral. RSI at 60 in the neutral region
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
-Volume indicators saw an increase until the price reached a high and then decreased thereafter
Price expected to move downwards for a few candles and then see an uptrend thereafter. Most of the Oscillator indicators are neutral. Signal line approaching MACD from below, histogram size decreasing in the positive region. RSI at 60, in the neutral region from overbought region. CCI at -70, in the neutral region pulled back from overbought region. Another interesting point to notice here is that the 20-candle moving average decreased from 73.3k to 65.9k
----------------------------------------------------------------------------------------
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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