The Hourly View for LTC
Last Updated November 12, 2020, 02:039 GMT
At the moment, LTC’s price is up $0.11 (0.19%) 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 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
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 59.33 US dollars, up 2.36% ($1.37) since yesterday. The change in price came along side change in volume that was up 93.15% from previous day, but down 2.03% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From phoneinf:
So what took Litecoin 10 years, HEX have that market cap after 1 year, I don’t think people understand math wise how big difference that is in speed, HEX hasn’t even started btw, this is just the launch phase time period
- From EndnLoneliness:
@CanadaSpecialA1 @USMarshalsHQ @USMC @FBI @RCMPONT @ROYALMRBADNEWS @litecoin_bull Foxes guard the hen house is standard as Child Advocacy Centres sprung up in North America Cities too. Done so all services can be controlled under one roof. We don’t honestly think they were created to protect children do we?
- From MASTERBTCLTC:
Grayscale has current ratio of 181 litecoin to 1 bitcoin in assets under management That’s the same as .0054 LTCBTC That’s a 43% increase of where it is today
For a longer news piece related to LTC that’s been generating discussion, check out:
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