The Hourly View for LTC
Last Updated October 7, 2020, 11:15 GMT
At the moment, LTC’s price is down $-0.07 (-0.15%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 1 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
Litecoin closed the day prior down 0.75% ($0.35); this denotes the 2nd day in a row it has gone down. As for how volume fared, yesterday’s volume was up 109.35% from the previous day (Monday), and up 85.67% from Tuesday 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 the day prior. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 200 day averages, located at 45.99 and 47.06 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
#Litecoin has every opportunity of being both a legitimate currency with store of value + means of exchange for goods & services properties through regular payments and/or smart contractsThat is not something a token, NFT or many other digital assets in the space can do. #fact
- From ROYALMRBADNEWS:
@litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 And in due time we will turn our attention to Jefani and h4ckerrogue because they too are connected to the dragons.We will make all of them suffer.All their secret criminal clown networks are all going down.
- From ROYALMRBADNEWS:
@litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 We have been quietly working very closely with our Anon friends to bring down the dragons and anybody connected to them!And that includes cj UNtruth
For a longer news piece related to LTC that’s been generating discussion, check out:
Litecoin Launches MimbleWimble Testnet Advancing Scaling and Privacy
Litecoin’s scaling and privacy protocol, MimbleWimble, has recently been launched to testnet as the team moves closer to their ambition of creating a scalable but private blockchain….That has changed with the recent launch of the MimbleWimble (MW) testnet.