|$LTC Price Change|
Excited to announce that the Litecoin logo will be on the canvas as the Official Cryptocurrency Partner of @UFC 232 on 12/29 in Inglewood CA! Read more: https://t.co/y4yvPWb6rj pic.twitter.com/ddML54j5GH
— Charlie Lee [LTC⚡] (@SatoshiLite) December 26, 2018
The Litecoin weekly trend is mixed. The monthly trend is clearly down, the ten day trend is largely sideways, and the weekly trend has significant price changes daily with no decided direction weekly.
[Trend is "mixed" when the weekly price movement contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
The last price, in a red candle, has broken through the major intraday support level at $31.12, and appears headed south.
Moving Average Convergence Divergence (MACD)
The MACD on the one hour chart is bearish. The two, four and six hour charts are bullish, while the one hour and twelve hour chart are bearish. It’s a mixed bag.
Exponential Moving Averages (EMA)
The EMA results are based on the one hour chart, displayed.
Twenty-three hours ago we saw a low angle bullish cross above the medium term EMA(25) in the one hour chart. The short term EMA(7) crossed the long term EMA(99) and continued to rise. Overall this was bullish, however the indicator is currently headed sharply downwards, a bearish state.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 51.6. This is a neutral state.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is 6.87%. This may exert a neutral influence on Litecoin today.
Litecoin $LTC Price Outlook
- the Litecoin $LTC price outlook is slightly bearish
- if the price finds acceptance at higher levels the major resistance prints at 32.00
- if the price finds acceptance at lower levels the major support prints at 31.00
Analysis Duration: four hours
This report is for a short term duration of four hours. Analysis is time sensitive.
The author does not hold Litecoin $LTC at the time of writing.
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