The Hourly View for LTC
Last Updated October 9, 2020, 01:037 GMT
Currently, LTC’s price is up $0.05 (0.11%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 1.39% ($0.65) since the day prior, marking the 2nd consecutive day an increase has occurred. The price move occurred on volume that was up 17.62% from the day prior, but down 51.39% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 200 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From ROYALMRBADNEWS:
@22Bucky @GinglesKelley @Bernice17_Q @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 @cjtruth You mean cj UNtruth who recently became friends with the pedophiles dragons?The same dragons who we exposed?The same dragons who in recent days have been exposed for pedophilia?That cj UNtruth who recently became friends with the pedophiles dragons?
- From MillaLiraj:
What’s happening in #Litecoin lately:-A new Visa card.
-Grayscale added Litecoin trust to its line.
-The hash rate increased 50%, as of August.
-Transactions doubled this year through August.
-The number of LTC addresses has skyrocketed 400% in the last three years.$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.