LTC

The Hourly View for LTC

Last Updated November 19, 2020, 06:016 GMT

At the moment, LTC’s price is up $0.27 (0.36%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up 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

The back and forth price flow continues for Litecoin, which started today off at 73.52 US dollars, down 3.77% ($2.88) from the previous day. The price move occurred on volume that was down 56.82% from the day prior, but up 218.44% 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 previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

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 additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

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

  • From BoilingPointLLC:

    i see so many people talking about #Litecoin price action now. Not the community but all these wannabe big time crypto traders. It’s pretty hilarious that they didn’t mention a damn thing over the past 2 years while this pattern played out.

  • From pranksyNFT:

    Here is a very 2017 idea, I’m setting aside 1 #BTC to buy into some 2020 moonshots, I want this years @vergecurrency, @Ripple, @litecoin, you know the score, no fundamentals just a following large enough to moon! Shill me your.. shit.. hot.. alts, might buy 10 and keep track

  • From buysellshort:

    $DPW currently owns bitcoin AND Litecoin per its November 13th SEC filing – they mined bitcoin and litecoin into January of this year b4 stopping mining operations. A DPW launched mining operations press release could be coming based on the move in cryptos this month. .

For a longer news piece related to LTC that’s been generating discussion, check out:

Difference between Litecoin (LTC) and Ripple (XRP) – WazirX Blog

Ripple and Litecoin are ruling the crypto market with their sheer simplicity and security, which comes at a low cost….Irrespective of all these advantages, Litecoin is crippled by the highly volatile level of the crypto market, which invests the same as a considerably risky affair.  Ripple Technology has gained recognition around the globe by the name of XRP digital coin.

(Excerpt) Read more Here | 2020-11-18 19:37:00
Image credit: source

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