Litecoin (LTC) Closes Prior Hour Up 0.12%; 6 Day Up Streak Broken, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated October 14, 2020, 03:015 GMT

At the moment, LTC’s price is up $0.06 (0.12%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 0 Price action traders may also wish to note that we see a doji candlestick pattern on LTC. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 20 hour changed directions on LTC; it is now pointing up. 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 end of a 6 day positive run has come for Litecoin, which finished yesterday down 1.36% ($0.69). This move happened on lower volume, as yesterday’s volume was down 19.24% from the day before — and down 15.82% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From SatoshiLite:

    Litecoin price on its birthday:
    10/13/2012 – $0.09
    10/13/2013 – $2.08
    10/13/2014 – $4.07
    10/13/2015 – $3.13
    10/13/2016 – $3.88
    10/13/2017 – $63.91
    10/13/2018 – $53.93
    10/13/2019 – $56.49
    10/13/2020 – $50.00Draw your own conclusion. 😃

  • From lite_hause:

    Litecoin is the ultimate Bitcoin bull’s coin.When one holds Litecoin, essentially, one is betting on a future where the Bitcoin network is so highly utilized that overflow will pour into Litecoin. Even the Lightning Network has a certain capacity.Remember ‘17 ⚡️

  • From AgentBurlington:

    @AgtFearlesCan @CanadaSpecialA1 @AngelAsphalt @nohabra @SusannarussoP @AGENTJUSTICE4AL @litecoin_bull @terridahl05 Prison would be a gift for Trudeau. He has already received alottttt worse. He is gone baby gone. His stand -in will also be gone very soon. OUR PRIME MINISTER IS DONALD JOHN TRUMP

In terms of news links for Litecoin here’s one to try:

Bitfinex Derivatives: EOS, Litecoin and Polkadot perpetual contracts are here

Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet E-wallet.io: a new approach to cryptocurrency wallets
By Amelia Tomasicchio
– 12 Oct 2020
Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0)….Paolo Ardoino, the CTO of Bitfinex Derivatives, said: “We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange.