Weaker Buy Today LTCUSD ranks #1 as BUY CANDIDATE #1

LTCUSD stock forecast Litecoin / Dollar

LTCUSD stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will LTCUSD stock price go up or down on Mon, 27 May 2019?

Predict

Litecoin / Dollar Forecast and Stock Analysis

Technical LTCUSD stock analysis for Friday May 24, 2019.

Buy candidate since 2019-05-10 Gain 33.76%


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 69 and the is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Litecoin / Dollar finds support from accumulated volume at $100.55.

Support: $100.55 Price: $102.82

Risk

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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Strong Buy Candidate Upgraded
Weaker Buy Today LTCUSD ranks #1 as BUY CANDIDATE #1

Will LTCUSD stock price go up or down
on Mon, 27 May 2019?

Predict

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