#AI-driven 7-day #TechnicalAnalysis for $LTC #Litecoin on 29/8/23, powered by. Market outlook for next 7 days:.
29 Aug 2023, 16:01
📊 #AI-driven 7-day #TechnicalAnalysis for $LTC #Litecoin on 29/8/23, powered by
Market outlook for next 7 days:
Neutral to slightly bullish; expect sideways to slightly upward movement 😐🐂
Let's dive in and see why...
Price:
Narrow trading range, closed between $64.83 and $65.52 over the week [Neutral] 😐
Moving Average:
7-day average price mostly stable around $65 [Neutral] 😐
Relative Strength Index (RSI):
Consistently low RSI values (23.88 to 27.906), indicating oversold condition [Bullish] 🐂
On-balance Volume (OBV):
OBV shows a general downtrend, indicating selling pressure [Bearish] 🐻
Average directional index (ADX):
Increasing ADX values from 40.4 to 49.01, indicating a strengthening trend [Neutral] 😐
MACD:
MACD below signal line, but histogram approaching zero [Bearish to Neutral] 🐻😐
Stochastic:
Stochastic values are between 50 and
65, mostly in the middle range, suggesting uncertain momentum [Neutral] 😐
Fibonacci Retracement Levels:
LTC's closing price is hovering around the 50% retracement levels, indicating indecision [Neutral] 😐
Bullish Confirmation Occurrences:
Low RSI and increasing ADX confirm a strong but oversold market trend 🐂
Bearish Confirmation Occurrences:
OBV's consistent downtrend, paired with a relatively stable price range 🐻
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Same news in other sources
1GNYGNY #1500
30 Aug 2023, 14:19
📊 #AI-driven 7-day #TechnicalAnalysis for $AVAX #AVALANCHE on 30/8/23, powered by
The market outlook for next 7 days is cautiously bullish. Let's dive in and see why...
Price:
Started at $10.15 and ended at $10.81, showing slight upward movement [#Bullish] 🐂
Moving Average:
Average price increased from $10.252 to $10.68, confirming upward movement [Bullish] 🐂
Relative Strength Index (#RSI):
RSI started at 25.49 and ended at 32.02, remaining below the oversold threshold [Neutral] 😐
On-balance Volume (#OBV):
Values show a general uptrend, indicating buying pressure and accumulation [Bullish] 🐂
Average directional index (#ADX):
ADX started high but showed a decreasing trend towards the end, hinting at a potential weakening
trend strength [Neutral] 😐
MACD:
#MACD Histogram shows a shift from negative to slightly less negative values [Neutral] 😐
Stochastic:
#Stochastic is rising and approaching the overbought zone [Bullish] 🐂
Fibonacci Retracement Levels:
Price mostly moved between the various #Fibonacci levels, without clear breaches [Neutral] 😐
Parabolic SAR:
Was above the price until 27th, after which it went below [Bullish] 🐂
Bullish Divergence Occurrences:
Positive divergence between MACD histogram (increasing) and price(decreasing) until 2023-08-29
Bullish Confirmation Occurrences:
- Increasing price trend is confirmed by an increasing moving average and a hammer pattern
- On August 29th, both the price & OBV showed significant increases
- Stochastic increased substantially, further confirming the price uptrend
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provides AI-driven forecasts, #CryptoAnalytics, & market insights for #Bitcoin #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVAX & #Chainlink
#CryptoInsights & #TradingTips, not trading or financial advice.
#AI-driven 7-day #TechnicalAnalysis for $AVAX #AVALANCHE on 30/8/23, powered by.
📊 #AI-driven 7-day #TechnicalAnalysis for $AVAX #AVALANCHE on 30/8/23, powered by https://t.co/wGh5c0TtO9
The market outlook for next 7 days is cautiously bullish. Let's dive in and see why...
Price:
Started at $10.15 and ended at $10.81, showing slight upward movement [#Bullish] 🐂
Moving Average:
Average price increased from $10.252 to $10.68, confirming upward movement [Bullish] 🐂
Relative Strength Index (#RSI):
RSI started at 25.49 and ended at 32.02, remaining below the oversold threshold [Neutral] 😐
On-balance Volume (#OBV):
Values show a general uptrend, indicating buying pressure and accumulation [Bullish] 🐂
Average directional index (#ADX):
ADX started high but showed a decreasing trend towards the end, hinting at a potential weakening
trend strength [Neutral] 😐
MACD:
#MACD Histogram shows a shift from negative to slightly less negative values [Neutral] 😐
Stochastic:
#Stochastic is rising and approaching the overbought zone [Bullish] 🐂
Fibonacci Retracement Levels:
Price mostly moved between the various #Fibonacci levels, without clear breaches [Neutral] 😐
Parabolic SAR:
Was above the price until 27th, after which it went below [Bullish] 🐂
Bullish Divergence Occurrences:
Positive divergence between MACD histogram (increasing) and price(decreasing) until 2023-08-29
Bullish Confirmation Occurrences:
- Increasing price trend is confirmed by an increasing moving average and a hammer pattern
- On August 29th, both the price & OBV showed significant increases
- Stochastic increased substantially, further confirming the price uptrend
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https://t.co/wGh5c0TtO9 provides AI-driven forecasts, #CryptoAnalytics, & market insights for #Bitcoin #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVAX & #Chainlink
#CryptoInsights & #TradingTips, not trading or financial advice.