Litecoin (LTC) Closes Prior Hour Up 0.67%; Moves Down For the 3rd Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated October 16, 2020, 01:036 GMT

At the time of this writing, LTC’s price is up $0.33 (0.67%) 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. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. 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 closed the day prior down 0.6% ($0.3); this denotes the 3rd straight day a decrease has occurred. The price move occurred on volume that was up 6.59% from the day prior, but down 2.82% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20, 50, 100 and 200 day averages, located at 47.31, 49.13, 51.23 and 47.53 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From lite_hause:

    Litecoin is currently at approx. 0.0043 on the LTC/BTC ratio. The last time Litecoin was at these levels (early 2017), 3-5 months later, Litecoin went on a run and sprung to over .015 (240%+ increase on the ratio).

  • From ScottyD97155633:

    @litecoin_bull @ROYALMRBADNEWS As I asked the judge…A question judge about Barr. With Bush 41 gone he is freed. Right? If the military came to him and said
    “keep the script” would he in dspite what we all know of his DS involvement. Is Barr flipped to white hat? Did he get an offer he could not refuse?

  • From JenifferCC:

    Happy day 🌟💫🦋6 Fiat Currencies are available to view balance of Crypto :
    USD (US Dollar)
    GBP (GB Pound)
    CRC (Costa Rica Colan)
    EUR (Euro)
    CAD (Canadian Dollar)
    AUD (Australian Dollar)3 Crypto Currencies wallets are available :
    #BTC (Bitcoin)
    #LTC (Litecoin)
    #DIVI (Divi)

For a longer news piece related to LTC that’s been generating discussion, check out:

Litecoin One Step Closer to Cardano Partnership and “Velvet Fork” | Crypto Briefing

He says that the fork would allow cross-chain payment settlements between Cardano and Litecoin….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.