The Hourly View for LTC
Last Updated June 17, 2021, 02:046 GMT
At the time of this writing, LTC’s price is up $1.17 (0.69%) from the hour prior. This is the 3rd consecutive hour LTC has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 hour moving averages, resulting in them so that price is now turning above them. 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 came into today down 4.96% ($8.7) from the open of the previous day, marking the 2nd consecutive day a decrease has occurred. The price move occurred on volume that was up 12.09% from the day prior, but down 44.24% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 18 them.
