Litecoin (LTC) Closes Prior Hour Up 0.15%; Heads Down For the 4th Day In A Row, Crosses 50 Day Moving Average, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated October 17, 2020, 07:015 GMT

At the time of this writing, LTC’s price is up $0.07 (0.15%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 closed the day prior down 3.88% ($1.92); this denotes the 4th day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 77.6% from the previous day (Thursday), and up 98.72% from Friday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.