LTC

The Hourly View for LTC

Last Updated October 28, 2020, 01:037 GMT

At the time of this writing, LTC’s price is up $0.59 (1.01%) 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. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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

57.98 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved up 1.93% ($1.1) from the previous day. The change in price came along side change in volume that was down 34.43% from previous day, but up 81.82% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.

Overheard on Twitter

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

  • From MASTERBTCLTC:

    Back on 2016 (4 years ago), zero people predicted how high the price of bitcoin and litecoin would reach at the end of 2017. The same is occurring today. The closet person back in 2016 was Tim Draper & his prediction was 10k. His prediction for 2022 is 250k

  • From MASTERBTCLTC:

    Path to 1M $20,000 litecoin @ $50
    10,000 litecoin @ $100
    5,000 litecoin @ $200
    2,500 litecoin @ $400
    1,000 litecoin @ $1000
    500 litecoin @ $2000
    250 litecoin @ $4000What level are you at?

  • From TCryptographer:

    Visited my grandfather (92) in Miami this past week. His 75 year old girlfriend has 4 $BTC. I sent her some $BTC $LTC $YFI. Just two Hungarians who escaped communism in 1956 to both become millionaires living the American dream. #Bitcoin @iearnfinance #Litecoin #Crypto

(Excerpt) Read more Here | 2020-10-27 18:38:00
Image credit: source

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