Litecoin (LTC) Closes Prior Hour Down -0.21%; Moves Up For the 2nd Consecutive Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

Fibo Quantum

The Hourly View for LTC

Last Updated November 21, 2020, 02:036 GMT

Currently, LTC’s price is down $-0.18 (-0.21%) from the hour prior. This is the 2nd straight hour LTC has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see an uptrend on the 20 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 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 came into today up 1.19% ($0.97) from the open of yesterday, marking the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 16.74% from the day before — and down 30.44% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during yesterday. Below is a daily price chart of Litecoin.


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 7 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!