LTC

The Hourly View for LTC

Last Updated November 2, 2020, 01:036 GMT

Currently, LTC’s price is down $-0.25 (-0.44%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. 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

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 55.61 US dollars, down 0.32% ($0.18) since yesterday. This move happened on lower volume, as yesterday’s volume was down 46.12% from the day before — and down 64.4% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Just to be clear, because a lot of you are new followers. I hold a massive amount of $LTC that I never touch. Litecoin will always be my largest position. After 10,000 hours, I have researched other cryptocurrencies & have picked litecoin as the best upside potential.

  • From Crypto_keeper_J:

    @davidgokhshtein Hey David, Thats why the Litecoin Community is the best. We encourage people to have multiple coins, ( not ALL of them ) and to educate yourself. Our community provides a lot of content creators that provide a good influence on Crypto Newcomers, Have a great day.

  • From MASTERBTCLTC:

    There is a waitlist to buy crypto on PayPal so the price doesn’t shoot up. #ltc🚀 #litecoin🚀

(Excerpt) Read more Here | 2020-11-01 18:37:00
Image credit: source

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