The Hourly View for LTC
Last Updated October 27, 2020, 01:037 GMT
At the moment, LTC’s price is up $0.19 (0.33%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 closed the day prior down 3.35% ($1.97); this denotes the 2nd straight day a decline has happened. The price move occurred on volume that was down 6.93% from the day prior, but up 216.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Only a maximum of 18% of all PayPal users could buy one litecoin if they wanted….That’s assuming all litecoin today are available to purchase, which of course they are not.Price is going to skyrocket. $400 incoming
- From im_uname:
Do you know litecoin is one of the most active projects out there? With a slight lag, it literally is as active as Bitcoin Core!
- From cryptomors:
I see $LTC having extraordinary gains next year simply because it is significantly cheaper for the new institutional/commercial investor class to purchase a larger pie of the total market cap while being institutionally approved (Grayscale, Paypal, etc…) #litecoin