Watch: the daily chart check
▶ PlayThe daily candle
Litecoin closed the October 29 daily candle at $54.92, down 7.25% on the day, after trading between $54.30 and $59.68. What stands out on the daily chart: sharp move, 30-day closing low, volume spike.
Moving averages
The close of $54.92 is 7.6% below the 20-day average ($59.45).
The close of $54.92 is 10.7% below the 50-day average ($61.51).
Momentum: RSI and MACD
The 14-day RSI reads 36.1, between 30 and 70, neither extreme. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is -1.64 against a signal line of -1.242, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.84 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $54.63 to $64.28, and the close is inside the bands.
Over the previous 30 days the highest close was $70.66 and the lowest $56.69.
What it costs to hold a position
Anyone holding a LTC perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the LTC funding page.