The Hourly View for LTC
Last Updated November 18, 2020, 03:016 GMT
At the moment, LTC’s price is down $-0.61 (-0.82%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin is up 3.47% ($2.56) since yesterday, marking the 2nd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 98.99% from the day prior, and up 1324.36% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to yesterday. 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. For additional context, note that price has gone up 17 out of the past 30 days.
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 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 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. .
- 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
In terms of news links for Litecoin here’s one to try:
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.