The Hourly View for LTC
Last Updated November 27, 2020, 02:036 GMT
At the time of this writing, LTC’s price is down $-0.69 (-0.96%) from the hour prior. The hourly chart shows that LTC has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being 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
Litecoin closed the previous day down 13.13% ($10.74); this denotes the 2nd consecutive day a decrease has occurred. As for how volume fared, yesterday’s volume was up 50.53% from the previous day (Wednesday), and up 13.98% from Thursday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. 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 HoganPipeSupply:
@OFFICIALTRDJ @litecoin_bull I’m going to say one more thing – based on you’re combined followers my tweets to you guys are getting far more than normal impression, any comments on that. I mean geezz I have 61 followers…but over 250 impression in less than an hour….that’s a lot.
- From OFFICIALTRDJ:
@litecoin_bull @WyomingScience @HoganPipeSupply @2vmk2 Had power!That’s GONE!”biden” SO-CALLED “presidency” lasted for a few days.President Trump continues to be in complete control of the Electoral Votes.”biden” hasn’t taken the lead.Not even once.And now Pennsylvania BLOCKED by Judge.
- From lite_hause:
I want to contribute and am willing to grant someone $150 in Litecoin if they manage to write a badass article on the ins/outs of Mimblewimble via extension blocks on Litecoin. I’d do it but am not smart or technical enough. Any recommendations @SatoshiLite @ecurrencyhodler?
For a longer news piece related to LTC that’s been generating discussion, check out:
Cardano and Litecoin discuss velvet fork to achieve interoperability
The project is the construction of a “bridge” between the blockchains of Litecoin and Cardano….In a later publication, Schwartz explained that communication between the networks could be implemented with a velvet fork….However, the researcher and the director of the Litecoin Foundation were optimistic about the acceptance that an initiative like the proposal will have in the communities.