LTC

The Hourly View for LTC

Last Updated December 3, 2020, 02:036 GMT

At the moment, LTC’s price is up $0.12 (0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 20 and 50 hour changed directions on LTC; they are now pointing down. 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 89.04 US dollars, up 4.56% ($3.88) since the day prior. The price move occurred on volume that was down 44.55% from the day prior, but up 26.36% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since the day prior. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them.

(Excerpt) Read more Here | 2020-12-02 19:37:00
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