Whether volatility reverts will be something to watch.
And a literal copy of litecoin.
Out of the 7 instruments in the top cryptos asset class, litecoin ended up ranking 4th for the day in terms of price change relative to the day prior.
Relative to other instruments in the top cryptos asset class, litecoin ranked 5th since the previous day in terms of percentage price change.
The change in price came along side change in volume that was up 54.33% from previous day, but down 13.87% from the monday of last week.
Image: john kim “they called me a litecoin evangelist….
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Out of the 7 instruments in the top cryptos asset class, litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day.
It’s been a feast for bears operating on an hourly timeframe, as litecoin has now gone down 4 of the past 5 hours.