Litecoin (LTC) Price Near $71.51; in an Uptrend Over Past 14 Days, Heads Up For the 2nd Consecutive Day

The Hourly View for LTC

Last Updated November 18, 2020, 14:16 GMT

At the time of this writing, LTC’s price is down $-0.06 (-0.08%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 3.47% ($2.56) from the open of the day prior, marking the 2nd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 98.99% from the day prior, and up 1324.36% 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 the day prior. Below is a 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 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 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 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. .

  • 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

As for a news story related to Litecoin getting some buzz:

Difference between Litecoin (LTC) and Ripple (XRP) – WazirX Blog

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.