Litecoin (LTC) Outperforms All Top Cryptos, Up 4.27%; Breaks Above 100 Average

Litecoin Price Recap

Litecoin is up 4.27% since yesterday, marking day in a row an upward move has occurred. The price move occurred on volume that was down 42.17% from the day prior, but up 67.56% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class yesterday. Congrats to its holders! The price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin crossed above its 100 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 14 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From jaredctate:

    The irony of #Bitcoin #DigiByte & #Litecoin is while they are mathematically finite many crypto conferences wont accept them as payment becouse of volatility. They work much better as a store of value than transactional currencies. 2020 is the year of the decentralized stablecoin

  • From cryptorecruitr:

    1. THREAD ON WHY I BOUGHT DIGIBYTE:I’ve been accumulating Bitcoin and Litecoin for yearsMy focus has been accumulatingFor me it’s been about buying Bitcoin, growing my recruiting firm, and growing my YouTube channel

  • From MASTERBTCLTC:

    Simple swing trade If LTCBTC under .01 swap all bitcoin for litecoin If LTCBTC over .0175 swap all litecoin for bitcoinAll new buys into litecoin if LTCBTC less than .01575, else all buys into Bitcoin if LTCBTC greater than .0175You welcome

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

Litecoin Prepares Retracement before Continuing Bullish Trend | Crypto Briefing

Such a bearish formation estimates that this cryptocurrency could pull back for one to four candlesticks before continuing its bullish trend.  A spike in the selling pressure behind Litecoin could validate the bearish signal presented by the TD sequential indicator….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.