The Hourly View for LTC
Last Updated November 19, 2020, 05:016 GMT
Currently, LTC’s price is down $-0.4 (-0.54%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as LTC has now gone down 5 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. 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
73.52 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 3.77% ($2.88) from the previous day. The change in price came along side change in volume that was down 56.82% from previous day, but up 218.44% from the Wednesday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Below is a daily price chart of Litecoin.
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 14 days Litecoin’s price has gone up 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From BoilingPointLLC:
i see so many people talking about #Litecoin price action now. Not the community but all these wannabe big time crypto traders. It’s pretty hilarious that they didn’t mention a damn thing over the past 2 years while this pattern played out.
- From pranksyNFT:
Here is a very 2017 idea, I’m setting aside 1 #BTC to buy into some 2020 moonshots, I want this years @vergecurrency, @Ripple, @litecoin, you know the score, no fundamentals just a following large enough to moon! Shill me your.. shit.. hot.. alts, might buy 10 and keep track
- From buysellshort:
$DPW currently owns bitcoin AND Litecoin per its November 13th SEC filing – they mined bitcoin and litecoin into January of this year b4 stopping mining operations. A DPW launched mining operations press release could be coming based on the move in cryptos this month. .
For a longer news piece related to LTC that’s been generating discussion, check out:
Difference between Litecoin (LTC) and Ripple (XRP) – WazirX Blog
Ripple and Litecoin are ruling the crypto market with their sheer simplicity and security, which comes at a low cost….Irrespective of all these advantages, Litecoin is crippled by the highly volatile level of the crypto market, which invests the same as a considerably risky affair. Ripple Technology has gained recognition around the globe by the name of XRP digital coin.
