LTCUSD to see a downtrend(1D) | Conversion line below baseline

2020년 9월 2일

Market in last 1 week
-LTCUSD saw a dwontend and an uptrend after that moving sideways
-Price volatility was very high. The market moved ~19.26%, between $64.38 and $53.98

Today’s Trend analysis
-LTCUSD expected to see a slight downtrend as it has rejected from the same level in past with the conversion line below the baseline
-Price at time of publishing: $62.9
-LTC’s market cap: $4.11 Billion
-Oscillator indicators are mostly neutral. RSI at 57 in the neutral region
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral with the Hull MA indicating selling opportunities
-Volume indicators saw ups and downs with blue and red candles respectively

Priceexpected to see a slight downtrend as it has rejected from the same level in past with the conversion line below the baseline. Most of the Oscillator indicators are neutral. MACD line approaching from below the Signal line, histogram size decreasing in the negative region. RSI at 57, in the neutral region above the midline. CCI at 54, still in the neutral region with a slight upmove. Another interesting point to notice here is that the volume saw ups and downs with blue and red candles respectively suggesting a weak selling pressure.
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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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