Litecoin (LTC) Closes Prior Hour Up 0.31%; 2 Day Down Streak Broken, Makes Big Move Relative to Two Week Trend

The Hourly View for LTC

Last Updated November 17, 2020, 04:016 GMT

Currently, LTC’s price is up $0.23 (0.31%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin entered today at $73.84, up 18.45% ($11.5) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 117.96% from the day prior, and up 555.99% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading days.