Litecoin (LTC) Closes Prior Hour Up 0.42%; Moves Down For the 2nd Consecutive Day, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated November 16, 2020, 02:037 GMT

At the time of this writing, LTC’s price is up $0.27 (0.42%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing up. 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

Litecoin is down 2.4% ($1.53) since yesterday, marking the 2nd consecutive day a decrease has occurred. The change in price came along side change in volume that was down 41.7% from previous day, but up 262.88% from the Sunday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.