The Hourly View for LTC
Last Updated November 1, 2020, 01:036 GMT
At the moment, LTC’s price is up $0.05 (0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Litecoin Daily Price Recap
The end of a 3 day negative run has come for Litecoin, which finished yesterday up 3.2% ($1.73). This move happened on lower volume, as yesterday’s volume was down 9.12% from the day before — and down 36.94% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.
Read More: Litecoin (LTC) Closes Prior Hour Up 0.09%; 3 Day Down Streak Ended