LTC to see an uptrend! (1 D) | Ichimoku indicating bullish bias
Market in last 1 week
-LTCUSD saw sideways movement with rejection from 65
-Price volatility was very high. The market moved ~27.5%, between $65 and $51
Today’s Trend analysis
-LTCUSD expected to see an uptrend as Bollinger Band expands
-Price at time of publishing: $60.28
-XRP’s market cap: $3 Billion
-Oscillator indicators are mostly neutral. RSI at 69 about to reach overbought region.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral, the conversion-base line has bullish crossover
-Volume indicators saw a decrease in the volume in last few candles from 133K to 33.06K.
Price expected to see an uptrend as Bollinger Band expands with higher lows being observed in the last few candles. Most of the Oscillator indicators are neutral. MACD histogram is positive, size decreasing in the positive region. RSI at 69, about to enter the overbought region with a upmove. CCI at 88, in the neutral region decreasing downwards from last few candles. Another interesting point to notice here is that Ichimoku Conversion line has crossed over the Base line suggesting a bullish crossover.
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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 sideways movement with rejection from 65
-Price volatility was very high. The market moved ~27.5%, between $65 and $51
Today’s Trend analysis
-LTCUSD expected to see an uptrend as Bollinger Band expands
-Price at time of publishing: $60.28
-XRP’s market cap: $3 Billion
-Oscillator indicators are mostly neutral. RSI at 69 about to reach overbought region.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral, the conversion-base line has bullish crossover
-Volume indicators saw a decrease in the volume in last few candles from 133K to 33.06K.
Price expected to see an uptrend as Bollinger Band expands with higher lows being observed in the last few candles. Most of the Oscillator indicators are neutral. MACD histogram is positive, size decreasing in the positive region. RSI at 69, about to enter the overbought region with a upmove. CCI at 88, in the neutral region decreasing downwards from last few candles. Another interesting point to notice here is that Ichimoku Conversion line has crossed over the Base line suggesting a bullish crossover.
----------------------------------------------------------------------------------------
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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