The Hourly View for LTC
Last Updated October 11, 2020, 01:036 GMT
At the moment, LTC’s price is up $0.37 (0.76%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin is up 2.26% ($1.08) since yesterday, marking the 4th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 76.59% from the previous day (Friday), and up 126.24% from Saturday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 6 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From SatoshiLite:
@john_chungus @Lite731 @nftporn Stop believing everything FUDers say. I’ve been working full time on Litecoin since 2017. I’ve worked on Litecoin a lot harder the past years than during 2011-2016. Not owning LTC doesn’t mean I’m not fully invested in the success of Litecoin. Understand that and you will get it.
- From MASTERBTCLTC:
Here is why litecoin will go to $3k
☑️ 4x faster blocks
☑️ digital silver
☑️ 8+ yrs
☑️ no premine
☑️ King of Scrypt
☑️ No satoshi stash
☑️ On all ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Atomic swaps
☑️ 100% uptime
- From LegacyofDave:
@RealSaidov 2017 litterally the night before the crazy bull runs. While washing my hands in the banks bathroom, coworker comes in and starts talking bitcoin, litecoin, and ripple. At the end, tells me “you’re good at research, take a look at Cardano”
… by the next week, I jumped into ADA