The Hourly View for LTC

Last Updated October 30, 2020, 01:037 GMT

At the moment, LTC’s price is down $-0.36 (-0.65%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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

Litecoin is down 1.66% ($0.93) since the day prior, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 3.04% from the day before — and down 58.98% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 100 day averages, located at 52.58 respectively, and thus may be at a key juncture along those timeframes. 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. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From 0xBebis:

    @adored_hater trade for $OCEAN, $BAND, $LINK $AAVE, $YFI, $SNX, $FTM or $COMP. or just trade for $ETH, they’re rolling out the first phase of a major upgrade soon. dogecoin, litecoin, bch and all the other dusty old shitcoins are gonna be left behind by Defi blue chips.

  • From mbodlovick:

    @litecoin_bull @ROYALMRBADNEWS In my state, it is legally allowed for using deadly force on someone trying to commit arson on (their) home.

  • From lite_hause:

    In a world with mass Bitcoin adoption, Litecoin will be the most indicated candidate for picking up the overflow. No other coin even comes close.

(Excerpt) Read more Here | 2020-10-29 18:37:00
Image credit: source


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.