Litecoin (LTC) Makes Big Move Relative to Two Week Trend, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 14 Days

Litecoin Price Recap

The back and forth price flow continues for Litecoin, which starts today off at 70.69 US dollars, down 8.57% from the previous day. The price move occurred on volume that was up 45.16% from the day prior, but down 11.24% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of day-over-day price change. Let’s take a look at price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 day moving average yesterday. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. 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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From TheStalwart:

    Things that didn’t exist back when Apple warned about its exposure to China– Snapchat
    — Instagram
    — Blue Apron
    — FitBit
    — Instagram DMs
    — Litecoin
    — Under $10,000-watches
    — Patreon Capital

  • From ShardiB2:

    Don’t sleep on $ltc, one of my biggest bags. #litecoin

  • From MASTERBTCLTC:

    Simple tell your friends about litecoin. It’s bitcoins twin, its fast & inexpensive on chain, its an oscillator to bitcoin, it gains more than bitcoin during the bull run, its adding privacy features, its on every exchange meaning it has the most liquidity #ltc🚀 #litecoin🚀