As for how volume fared, yesterday’s volume was up 13.05% from the previous day (monday), and up 44.77% from tuesday of the week before.
Figure 3: litecoin (ltc) versus dogecoin (doge) hashrate chart – billion hashes per second – 2014….(
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This move is a reversal from the hour prior, which saw price move up.
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Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.