The Hourly View for LTC
Last Updated November 24, 2020, 02:036 GMT
At the time of this writing, LTC’s price is down $-1.29 (-1.41%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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
The back and forth price flow continues for Litecoin, which started today off at 89.14 US dollars, up 7.46% ($6.19) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.9% from the day prior, and up 38.63% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the previous day in terms of percentage price change. 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 16 of the previous 30 trading days.
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 MASTERBTCLTC:
A lot of people spend time contemplating the risks surrounding #Litecoin 🚀 . They completely miss the biggest risk of all, which is to sit on the sidelines and passively watch the greatest money and technological revolution of the century unfold before their eyes.
- From masterltcbtcbot:
The current LTCBTC ratio is 0.00461145Litecoin is an oscillator to bitcoin & next peak cycle we expect the LTCBTC ratio to peak around .025At today’s bitcoin price we expect litecoin’s price to be: $185 at .010
$277 at .015
$370 at .020
$462 at .025$1156 at .0625 max - From kjLearntoThink:
@KSinn8 @haycey5 @litecoin_bull LOL you sheep literally can’t think for yourself. They are separating so she can file lawsuits for citizens. Had to separate from the Trump team to do it. They are still all working together.