The Hourly View for LTC
Last Updated October 14, 2020, 01:036 GMT
At the moment, LTC’s price is down $-0.12 (-0.24%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 end of a 6 day positive run has come for Litecoin, which finished the day prior down 1.36% ($0.69). This move happened on lower volume, as yesterday’s volume was down 19.24% from the day before — and down 15.82% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 50 and 100 day averages, located at 49.48 and 51.12 respectively, and thus may be at a key juncture along those timeframes. 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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.
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:
Litecoin price on its birthday:
10/13/2012 – $0.09
10/13/2013 – $2.08
10/13/2014 – $4.07
10/13/2015 – $3.13
10/13/2016 – $3.88
10/13/2017 – $63.91
10/13/2018 – $53.93
10/13/2019 – $56.49
10/13/2020 – $50.00Draw your own conclusion. 😃
- From lite_hause:
Litecoin is the ultimate Bitcoin bull’s coin.When one holds Litecoin, essentially, one is betting on a future where the Bitcoin network is so highly utilized that overflow will pour into Litecoin. Even the Lightning Network has a certain capacity.Remember ‘17 ⚡️
- From AgentBurlington:
@AgtFearlesCan @CanadaSpecialA1 @AngelAsphalt @nohabra @SusannarussoP @AGENTJUSTICE4AL @litecoin_bull @terridahl05 Prison would be a gift for Trudeau. He has already received alottttt worse. He is gone baby gone. His stand -in will also be gone very soon. OUR PRIME MINISTER IS DONALD JOHN TRUMP
For a longer news piece related to LTC that’s been generating discussion, check out:
Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet E-wallet.io: a new approach to cryptocurrency wallets
By Amelia Tomasicchio
– 12 Oct 2020
Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0)….Paolo Ardoino, the CTO of Bitfinex Derivatives, said: “We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange.