Litecoin (LTC) Closes Last Hour Up $0.04; Heads Up For the 3rd Straight Day

The Hourly View for LTC

Last Updated October 10, 2020, 15:15 GMT

At the time of this writing, LTC’s price is up $0.04 (0.08%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. 3 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 closed yesterday up 1.16% ($0.55); this denotes the 3rd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 13.14% from the day before — and down 37.43% 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

Coming into today the current price of Litecoin is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 17 of the previous 30 trading 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 SatoshiLite:

    @john_chungus @Lite731 @nftporn Stop believing everything FUDers say. I’ve been working full time on Litecoin since 2017. I’ve worked on Litecoin a lot harder the past years than during 2011-2016. Not owning LTC doesn’t mean I’m not fully invested in the success of Litecoin. Understand that and you will get it.

  • From nford:

    BIG Blockchain Intelligence Group Inc., experts in tracking, tracing, and monitoring cryptocurrency use, estimates illegal activity accounts for about 20% of the transactions of five major cryptocurrencies—bitcoin, Monero, Zcash, ether, and litecoin—or about $600 million each day

  • From HeyTaiZen:

    @RegieJax @litecoin Reason i still hold BSV is cuz there are plenty of devs working on it. No devs want to work on LTC even tho they have $.Also LTC had its boom already where BSV hasn’t. LTC will still go up during bull market but BSV will go up much more.Plus BSV has a mission & LTC doesn’t.