The Hourly View for LTC
Last Updated September 30, 2020, 01:037 GMT
At the moment, LTC’s price is up $0.2 (0.44%) 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. Regarding the trend, note that the strongest trend 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 45.7 US dollars, up 1.04% ($0.47) since the previous day. This move happened on lower volume, as yesterday’s volume was down 38.73% from the day before — and down 22.41% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 and 200 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From francispouliot_:
Archeologists find OpenDime
1000 years in future
Live interplanetary TV broadcast
Billions watch in anticipation
The OpenDime is opened
“Litecoin”Post-script:
Historians strike every mention of @nvk from the school textbooks “All along… he was a shitcoiner”😂😂😂 - From Christy_26713:
@litecoin_bull What is even more disgusting is some will never wake up! My children are more awake then some adults ever will be!! I am very proud of that!!
- From speng_c:
@gigi5414 @HamelAnnemarie @litecoin_bull @ROYALMRBADNEWS A best friend was an incest survivor from age toddler 2-3/ suppressed memory
Dad was admin. for a Fortune 500.
They lived in Belgium.
I now feel she was perhaps part of something bigger while there w her fam.Presented to the queen.Now I feel her dad only half the story.
