Litecoin (LTC) closes the previous hour down 0%; 5-day streak has been taken, breaks above 20-day average, close to 20-day and 200-day averages


The hourly display for LTC

Last updated October 19, 2020, 11:15 am GMT

Right now, the price of LTC has dropped $ 0 (0%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. 2 Price action traders may also notice that we see some doji and pin bar candlestick patterns on LTC. Given that we see a downtrend over the period of 20 candles per hour and such candle patterns often denote reversals, this can be noteworthy. Note that the 50 hours have changed direction on LTC; now point down. 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 potential opportunity for rangebound traders.

Litecoin daily price summary

The end of a negative 5 day run came for Litecoin, which ended the day before up 1.36% ($ 0.64). This move occurred on lower volume, as yesterday’s volume fell 18.66% from the day before and 53.48% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Litecoin finished in third place on the day in terms of price change from the previous day. The Litecoin Daily Price Chart below illustrates.


Litecoin technical analysis

First things first: Litecoin broke its 20-day moving average yesterday. The clearest trend exists in the 30 days 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 7.

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