The Hourly View for LTC
Last Updated October 9, 2020, 07:015 GMT
At the time of this writing, LTC’s price is up $0.09 (0.19%) 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 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 1.39% ($0.65) since the day prior, marking the 2nd consecutive day an increase has occurred. The change in price came along side change in volume that was up 17.62% from previous day, but down 51.39% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
First things first: Litecoin crossed above its 200 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From ROYALMRBADNEWS:
@22Bucky @GinglesKelley @Bernice17_Q @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 @cjtruth You mean cj UNtruth who recently became friends with the pedophiles dragons?The same dragons who we exposed?The same dragons who in recent days have been exposed for pedophilia?That cj UNtruth who recently became friends with the pedophiles dragons?
- From MillaLiraj:
What’s happening in #Litecoin lately:-A new Visa card.
-Grayscale added Litecoin trust to its line.
-The hash rate increased 50%, as of August.
-Transactions doubled this year through August.
-The number of LTC addresses has skyrocketed 400% in the last three years.$LTC - From ROYALMRBADNEWS:
@Bernice17_Q @PsyopPatriot @GinglesKelley @GOODTRUMPS_EVIL @HamelAnnemarie @22Bucky @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 @cjtruth and that is why all the Anons and Bakers we are friends with from The Chan Boards want all those big accounts to be removed.