Litecoin (LTC) Closes Prior Hour Up 0.04%; Makes Big Move Relative to Two Week Trend, 2 Day Down Streak Snapped, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated November 17, 2020, 03:016 GMT

At the moment, LTC’s price is up $0.03 (0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

Litecoin entered today at $73.84, up 18.45% ($11.5) from yesterday. As for how volume fared, yesterday’s volume was up 117.96% from the previous day (Sunday), and up 555.99% from Monday of 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

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 17 them.