Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
While the concept of nipopows is a well-known one in the crypto industry, velvet forks are yet to make their way into blockchain mainstream….
The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.9% from the day prior, and up 38.63% from the same day the week before.
The change in price came along side change in volume that was down 19.23% from previous day, but up 120.72% from the sunday of last week.
This move is a reversal from the hour prior, which saw price move down.
3 Price action traders may also wish to note that we see a pin bar candlestick pattern on ltc.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Not the community but all these wannabe big time crypto traders.
Out of the 7 instruments in the top cryptos asset class, litecoin ended up ranking 6th for the day in terms of price change relative to yesterday.