Litecoin (LTC) Closes Last Hour Up $0.06; Moves Down For the 5th Day In A Row, Crosses 20 and 200 Day Moving Averages

The Hourly View for LTC

Last Updated October 18, 2020, 11:15 GMT

At the moment, LTC’s price is up $0.06 (0.13%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head 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 1.43% ($0.68) since the previous day, marking the 5th day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 61.06% from the day before — and down 56.18% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

First things first: Litecoin crossed below its 20 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days.