The Hourly View for LTC

Last Updated October 13, 2020, 11:15 GMT

Currently, LTC’s price is down $-0.12 (-0.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 2 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 is up 0.2% ($0.1) since yesterday, marking the 6th day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 43.81% from the day prior, and up 118.47% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 10 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From AgentBurlington:

    @AgtFearlesCan @CanadaSpecialA1 @AngelAsphalt @nohabra @SusannarussoP @AGENTJUSTICE4AL @litecoin_bull @terridahl05 Prison would be a gift for Trudeau. He has already received alottttt worse. He is gone baby gone. His stand -in will also be gone very soon. OUR PRIME MINISTER IS DONALD JOHN TRUMP

  • From DaddyCool1991:

    July 29, 2020 – present is the longest stretch of days #Litecoin has been over 100k daily active addresses since Dec. 2017 – March 2018.

  • From qtiproxanne:

    @litecoin_bull @ROYALMRBADNEWS @lose_to_find @RafaZ28 @SSG_PAIN @M_O_T_H_3_R I pray for the judges!! The human soul and psyche has a limit in what can be tolerated. Hence PTSD and worse! Hopefully they have appropriate support? 🙏🙏🙏🙏

As for a news story related to Litecoin getting some buzz:

Bitfinex Derivatives: EOS, Litecoin and Polkadot perpetual contracts are here

Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet a new approach to cryptocurrency wallets
By Amelia Tomasicchio
– 12 Oct 2020
Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0)….Paolo Ardoino, the CTO of Bitfinex Derivatives, said: “We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange.

(Excerpt) Read more Here | 2020-10-12 18:37:00
Image credit: source


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