Relative to other instruments in the top cryptos asset class, litecoin ranked 6th since the day prior in terms of percentage price change.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Out of the 7 instruments in the top cryptos asset class, litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior.
For additional context, note that price has gone up 8 out of the past 14 days.
When one holds litecoin, essentially, one is betting on a future where the bitcoin network is so highly utilized that overflow will pour into litecoin.
This move happened on lower volume, as yesterday’s volume was down 19.24% from the day before — and down 15.82% from the same day the week before.
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 the previous day.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
Litecoin outperformed all 7 assets in the top cryptos asset class since yesterday.