The Hourly View for LTC
Last Updated November 20, 2020, 23:16 GMT
Currently, LTC’s price is down $-0.09 (-0.11%) 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 20 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. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. 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 $81.65, up 11.06% ($8.13) from yesterday. As for how volume fared, yesterday’s volume was up 47.68% from the previous day (Wednesday), and up 361.78% from Thursday of the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! The daily price chart of Litecoin below illustrates.
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 up. For additional context, note that price has gone up 8 out of the past 14 days.