When we look at the daily chart, we can see that litecoin (LTCUSD) price action has been in a story of high and low volatility. Litecoin (LTCUSD) Daily Chart 11/22 (click to enlarge) After a mostly quiet first half of the year, price shot up from the 1.50 area almost to 9.00 in July, but tumbled back to the 3.00 area by the end of August. There we saw a few months of quiet sideways action again before a end-of-October surge to almost 5.50. Again, price fell back, but is so far holding mostly above 3.00, which is a key support.Litecoin (LTCUSD) 4H Chart 11/22(click to enlarge) In the 4H chart, price action is bearish as price trades under the cluster of 200-, 100-, and 50-period simple moving averages (SMAs). the RSi is also holding below 60 after falling to 30. If price breaks below 2.90, we could open up those 1.50 lows from earlier in the year. However, if price can hold above 3.00 and push back above 3.40, we should anticipate a bullish outlook. In the short-term, and maybe even into the medium-term, we should expect a period of low volatility. but just be ready for the breakout to the upside. In the short history of its inception, this virtual currency has usually popped to the upside when there has been a burst of volatility after a period of duldrum.