The hourly display for LTC
Last updated 12 October 2020, 03: 015 GMT
Currently, the price of LTC has increased by $ 0.03 (0.06%) from the previous hour. This move is a reversal from the previous hour, which saw the price drop. 2 Price action traders may also want to note that we see a pin bar candlestick pattern on LTC. Given that we see a downtrend over the 10 hour candle time frame and such candle patterns often denote reversals, this may be worth noting. The moving averages over the hourly timeframe suggest a decline in price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Litecoin daily price summary
Litecoin is up 3.33% ($ 1.63) since yesterday, marking the 5th consecutive day, there has been an increase. The change in price was accompanied by the change in volume which fell by 23.39% from the previous day, but up 84.95% from last week’s Sunday. On a relative basis, yesterday was pretty good: Litecoin beat all 7 assets in the Top Cryptos class 🙂 Let’s take a look at Litecoin’s daily price chart.
Litecoin technical analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin broke its 50-day moving average yesterday. Trend traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. Or to look at it another way, note that over the past 14 days the price of Litecoin has risen by 9.
