The Hourly View for LTC
Last Updated October 3, 2020, 07:015 GMT
At the time of this writing, LTC’s price is down $-0.01 (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 2 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 44.95 US dollars, down 2.83% ($1.31) from the day prior. The price move occurred on volume that was down 32.51% from the day prior, but up 0.16% 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 and 200 day averages, located at 46.42 and 46.87 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 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a evening star pattern showing up on the charts as well. Rejoice!
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 dmcdcrypto:
Hey @SatoshiLite I have a quick question for you (well 2), when you designed #Litecoin why the 1/4 ratio with #Bitcoin?Were you aware that in the UK 4 silver crowns held the same monetary value as 1 gold sovereign when used as money?Coincidence 🤔
- From johnkim77:
Because of that crazy ass asian @johnkim77, I’m buying the shit out of #Litecoin.To the moon….
- From 22loops:
Still cant believe #Bitcoin will see $1500 tomorrow.Is this where Litecoin takes over?