The Hourly View for LTC
Last Updated November 9, 2020, 19:7 GMT
At the time of this writing, LTC’s price is up $0.17 (0.29%) from the hour prior. This is the 3rd hour in a row LTC has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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
The back and forth price flow continues for Litecoin, which started today off at 61 US dollars, up 3.42% ($2.02) from the day prior. This move happened on lower volume, as yesterday’s volume was down 49.62% from the day before — and down 69.92% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
#Litecoin is a dominant crypto network – engineered to host the ideal safe haven asset & preserve monetary energy over long periods of time without power loss. That makes #LTC the solution to every investor’s store of value problem. Few understand this.
- From Asadharari:
Missed out On an almost 20x return on #DNT because I sold it before it got listed on coinbase. Smh
Add it to my missed out section with Ada, xlm, dash, zcash, ACB.Not missing the life changing pump on #Litecoin I can promise you that 😌 - From MASTERBTCLTC:
400 million new users & only 66 million litecoin available today…Most of that litecoin is locked up & not available Demand is going to massively outpace supply on the next 12 months