LTCUSD saw an uptrend with the price riding the upper Bollinger band
Price volatility was very high. The market moved ~33.76%, between $77.18 and $57.70
Today’s Trend analysis
LTCUSD expected to see a slight uptrend as the price is riding the upper band with Bollinger band expansion
Price at time of publishing: $75.00
LTC’s market cap: $4.912 Billion
Oscillator indicators are mostly neutral. RSI at 69 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 observed an increase as the price increased while saw a decline in volume as the price decreased
Price expected to see a slight uptrend as the price is riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the Signal line, histogram size increasing in the positive region, suggesting a bullish bias. RSI at 69, in the neutral region with a pullback from overbought. CCI at 176, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase as the price increased while saw a decline in volume as the price decreased indicating a strong buying 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.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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