The hourly display for LTC
Last updated 17 October 2020, 01: 037 GMT
Right now, the price of LTC is up $ 0.2 (0.42%) from the previous hour. This move is a reversal from the previous hour, which saw the price drop. Regarding the trend, note that the strongest trend exists in the 20 hour period. As for the moving averages, it should first be noted that the price has exceeded the 20 hourly moving average, thus resulting in the price being now turning on it. The moving averages on the hourly time frame suggest a discontinuity in price, as 20, 50, 100 and 200 are all in a mixed alignment, which means that the trend across time periods is inconsistent, indicating a potential opportunity for rangebound traders.
Litecoin daily price summary
Litecoin is down 3.88% ($ 1.92) since yesterday, marking the 4th consecutive day, there has been a decline. As for the volume trend, yesterday’s volume increased by 77.6% compared to the previous day (Thursday) and by 98.72% compared to the Friday of the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin has been ranked 6th since yesterday in terms of percentage change in price. Below is a chart of Litecoin’s daily prices.
Litecoin technical analysis
First things first: Litecoin broke its 50-day moving average yesterday. The clearest trend exists on the 14th day time frame, which shows the price rising over that period. Or to look at it another way, note that over the past 14 days the price of Litecoin has risen by 8.
