Litecoin (LTC) 2 Day Down Streak Broken; in an Uptrend Over Past 30 Days

Litecoin Price Recap

The back and forth price flow continues for Litecoin, which starts today off at 54.45 US dollars, down 6.4% from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 115.23% from the day prior, and up 9.18% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th yesterday in terms of percentage price change. Here is a price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day averages, located at 52.37 respectively, and thus may be at a key juncture along those timeframes. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 14 days Litecoin’s price has gone up 7 them.

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 MASTERBTCLTC:

    Litecoin is undervalued & ethereum is overvalued 💥💥💥💥Sell ethereum and buy more litecoin

  • From SatoshiLite:

    @cryp70mike @mdiaak54 It’s centralizing because someone is deciding who to fund with a tax on everyone. With Litecoin, donation to development is voluntary. If another development team does a better job, they will get more support and more funding.

  • From LandM_Marius:

    Don’t ask: what is wrong here?
    Ask: what is right here?
    #Bitcoin #Litecoin #ALTcoins