The Hourly View for LTC
Last Updated October 1, 2020, 01:038 GMT
At the moment, LTC’s price is up $0.12 (0.26%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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
Litecoin came into today up 1.23% ($0.56) from the open of yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on volume that was up 3.04% from the day prior, but down 2.98% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 200 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down 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
Behold! Here are the top tweets related to Litecoin:
- From AGENTJUSTICE4AL:
@litecoin_bull @BarH_Ranch @AgtFearlesCan @AliceMasci @CanadaSpecialA1 @SusannarussoP THAT’S WHY I LOST MY HOUSE AND KIDS TO THOSE FUKN LAWYERS AND JUDGES..I WAN’T TO KNOW IF THEY’RE NAMES ADDRE PINVOLVED IN THAT CRAP
JUDGE WILSON(SUP CRT)
ROSE MUTO LAWYER
KEVIN ROBERTSON LAWYER
ED WHOOLLEY LAWYERALL THEIVES
@ROYALMRBADNEWS
@realDonaldTrump - From DAwnmcnemar:
@litecoin_bull That’s the only way he could survive that … notice towards the end he really struggled to make a complete thought. He looked weird, plastic like too. I even thought he was falling asleep at one point or two lol
- From Asadharari:
Imagine we pay our taxes with #bitcoin and #litecoin only. The American people would see exactly how and where the taxes were being spent and used. No more asking where our tax dollars are going. Trust, but verify
For a longer news piece related to LTC that’s been generating discussion, check out:
Nexo Now an Official Credit Partner to Litecoin Foundation • Nexo
By working together, Nexo and Litecoin expand their capabilities and offerings to build a larger, stronger and more sustainable digital assets ecosystem….Nexo is the world’s leading regulated financial institution for digital assets.