The Hourly View for LTC
Last Updated November 19, 2020, 02:036 GMT
At the moment, LTC’s price is up $0.04 (0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing down. 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 73.52 US dollars, down 3.77% ($2.88) since yesterday. The price move occurred on volume that was down 56.82% from the day prior, but up 218.44% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during yesterday. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From BoilingPointLLC:
i see so many people talking about #Litecoin price action now. Not the community but all these wannabe big time crypto traders. It’s pretty hilarious that they didn’t mention a damn thing over the past 2 years while this pattern played out.
- From pranksyNFT:
Here is a very 2017 idea, I’m setting aside 1 #BTC to buy into some 2020 moonshots, I want this years @vergecurrency, @Ripple, @litecoin, you know the score, no fundamentals just a following large enough to moon! Shill me your.. shit.. hot.. alts, might buy 10 and keep track
- From buysellshort:
$DPW currently owns bitcoin AND Litecoin per its November 13th SEC filing – they mined bitcoin and litecoin into January of this year b4 stopping mining operations. A DPW launched mining operations press release could be coming based on the move in cryptos this month. .
As for a news story related to Litecoin getting some buzz:
Ripple and Litecoin are ruling the crypto market with their sheer simplicity and security, which comes at a low cost….Irrespective of all these advantages, Litecoin is crippled by the highly volatile level of the crypto market, which invests the same as a considerably risky affair. Ripple Technology has gained recognition around the globe by the name of XRP digital coin.