The hourly display for LTC
Last updated 21 November 2020, 02: 036 GMT
Currently, the price of LTC has dropped $ -0.18 (-0.21%) from the previous hour. This is the second consecutive hour that LTC has seen its price head down. Regarding the trend, note that the strongest trend exists in the 20 hour period. Price action traders may also want to note that we see a bar shaped candle pattern on LTC. Given that we see an uptrend over the 20 hour candle time frame and such candlestick patterns often denote reversals, this can be noteworthy. The moving averages over the hourly timeframe suggest a downside 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 arrived today up 1.19% ($ 0.97) since yesterday’s opening, marking the 2nd consecutive day there has been an increase. This move happened with lower volume, as yesterday’s volume fell 16.74% from the day before and 30.44% from the same day the previous week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performing in the class during yesterday. Below is a chart of Litecoin’s daily prices.
Litecoin technical analysis
The clearest trend exists on day 14 timeframe, which shows the price increasing over time. For further context, please note that the price has increased 7 days over the past 10 days. And for candle traders, a special treat: there is also a spiked bar pattern that appears on the charts. Rejoice!
