The Hourly View for LTC
Last Updated October 17, 2020, 11:15 GMT
Currently, LTC’s price is down $-0.05 (-0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 2 The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
Litecoin is down 3.88% ($1.92) since yesterday, marking the 4th day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 77.6% from the previous day (Thursday), and up 98.72% from Friday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.