The hourly display for LTC
Last updated December 3, 2020, 02: 036 GMT
At present, the price of LTC has increased by $ 0.12 (0.14%) from the previous hour. This move is a reversal from the previous hour, which saw the price drop. As for the trend of the hourly time frame, we see the clearest trend over the 100 hour time frame. Note that 20 and 50 hours have changed direction on LTC; now they are pointing 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 a potential opportunity for rangebound traders.
Litecoin daily price summary
The ripple in Litecoin’s recent daily price action continues; to start today, it came in at a price of $ 89.04, up 4.56% ($ 3.88) from the previous day. The price movement occurred on the volume which was down 44.55% from the previous day, but up 26.36% from the same day the previous week. Litecoin outperformed all 7 assets in the Top Cryptos asset class from the day before. Below is a chart of Litecoin’s daily prices.
Litecoin technical analysis
Trending traders will want to observe that the the strongest trend appears on day 30 horizon; in that period of time, the price went up. Price action traders in particular will want to note that the 14 day period appears to show the price forming a base; this could indicate that a support / resistance level is developing. Or to look at it another way, note that over the past 10 days the price of Litecoin has risen by 6.
