Litecoin / Dollar Forecast and Stock Analysis
Technical LTCUSD stock analysis for Friday May 24, 2019.
Litecoin / Dollar gained 16.27% in the last trading day ( Friday, 24th May 2019 ), rising from $88.43 to $102.82 During day the stock fluctuated 17.61% from a day low at $88.32 to a day high of $103.87. The price has been going up and down for this period, and there has been a 33.76% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 64.57 million more shares were traded than the day before. In total, 86.45 million shares bought and sold for approximately $8 889.10 million.
- 30 day high of the LTCUSD stock price was $107.35 and low was $66.13.
- 90 day high was $107.35 and low was $43.00.
- 52 week high for the Litecoin / Dollar - $126.72 and low - $22.36.
Litecoin / Dollar lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the is expected to rise 57.94% during the next 3 months and, with 90% probability hold a price between $122.71 and $187.87 at the end of this period.
Only positive signals in the chart today. Litecoin / Dollar holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $92.31 and $81.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 69 and the is currently not being overbought or oversold
Support & Resistance
Litecoin / Dollar finds support from accumulated volume at $100.55.
This may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this is considered to be "high risk". During the last day, the stock moved $15.55 between high and low, or 17.61%. For the last week, the stock has had a daily average volatility of 8.72%.
Our recommended stoploss: $97.71 (-4.97%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
8.72 %Average volatility
Very Low Low Medium High Very High
Litecoin / Dollar holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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