Litecoin (LTC) Closes Prior Hour Up 0.06%; Moves Down For the 9th Straight Day, in a Downtrend Over Past 14 Days

The Hourly View for LTC

Last Updated July 21, 2021, 03:016 GMT

At the moment, Litecoin’s price is up $0.07 (0.06%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 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 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 came into today down 5.18% ($5.86) from the open of the day prior, marking the 9th straight day a decrease has occurred. The price move occurred on volume that was up 55.84% from the day prior, but down 19.02% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Let’s take a look at the 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 down. For additional context, note that price has gone down 12 out of the past 14 days.