Litecoin (LTC) Closes Last Hour Up $0.34; in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated November 20, 2020, 03:016 GMT

At the moment, LTC’s price is up $0.34 (0.42%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

81.65 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 11.06% ($8.13) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 47.68% from the day prior, and up 361.78% from the same day the week before. On a relative basis, yesterday was pretty good: Litecoin bested all 7 of the assets in the Top Cryptos class 🙂 Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

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 17 of the previous 30 trading days.