The Hourly View for LTC
Last Updated October 29, 2020, 01:037 GMT
Currently, LTC’s price is down $-0.34 (-0.61%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 200 hour moving average has been crossed, so that price is now turning below it. 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 back and forth price flow continues for Litecoin, which started today off at 55.86 US dollars, down 3.66% ($2.12) from the day prior. This move happened on lower volume, as yesterday’s volume was down 13.22% from the day before — and down 66.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.
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
Over on Twitter, here were the top tweets about Litecoin:
- From chyn3s3boi:
@MOBOX_Official @dapp_review @TokenPocket_TP @TronLinkWallet @maticnetwork @litecoin @HuobiGlobal @OKEx @cryptocom S1 Live Matter
Additional Changes Suggested:
1. Additional 5% drops from S2 goes to buyback Soul from exchanges daily (Show Proof).
2. S1 and S2 get the same amount of Mobox tokens.
3. Allow Soul to be used on Chainopoly and earn hero tokens.
- From ROYALMRBADNEWS:
@litecoin_bull @CSNZQ Exactly especially when we used Loki against them earlier this year and they took that bait as well.LOLIt’s fun to watch rats turn on each other.
- From MASTERBTCLTC:
1. Litecoin was first to implement Lightning Network transactions before bitcoin2. Litecoin was first to implement segregated whiteness before bitcoin3. Litecoin will be first to implement MimbleWimble before bitcoin 💥💥💥💥
In terms of news links for Litecoin here’s one to try:
Cryptocurrency News – TCAT
Cryptocurrency News – REAL News ® Home » Litecoin (LTC) Gaining on PayPal News and Arguments About Holding the Crypto One of the Litecoin Developer stated, Litecoin is currently still in the top 10….Several Arguments have also been proposed about why users are holding Litecoin. The very common reason is its comparability to Bitcoin and the related favorability – Litecoin as the silver to Bitcoin’s Gold ideal.