Litecoin (LTC) Closes Prior Hour Down -0.49%; 3 Day Up Streak Ended, Price Base in Formation Over Past 90 Days, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated November 15, 2020, 02:036 GMT

At the time of this writing, LTC’s price is down $-0.31 (-0.49%) from the hour prior. The hourly chart shows that LTC has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin Daily Price Recap

The end of a 3 day positive run has come for Litecoin, which finished yesterday down 3.14% ($2.07). The price move occurred on volume that was down 48.19% from the day prior, but up 213.56% from the same day 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.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 16 them.