The Hourly View for LTC
Last Updated October 19, 2020, 15:15 GMT
At the moment, LTC’s price is up $0.08 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 2 Price action traders may also wish to note that we see a doji candlestick pattern on LTC. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Litecoin Daily Price Recap
The end of a 5 day negative run has come for Litecoin, which finished yesterday up 1.36% ($0.64). This move happened on lower volume, as yesterday’s volume was down 18.66% from the day before — and down 53.48% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.