Litecoin (LTC) Price Near $49.16; 2 Day Up Streak Ended, Breaks Below 20 and 200 Day Averages, in an Uptrend Over Past 30 Days

The Hourly View for LTC

Last Updated October 21, 2020, 11:15 GMT

At the time of this writing, LTC’s price is up $0.05 (0.1%) from the hour prior. This is the 3rd consecutive hour LTC has seen its price head up. 2 Price action traders may also wish to note that we see a doji candlestick pattern on LTC. Given that we see an uptrend 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 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

46.93 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 2.29% ($1.1) from yesterday. The change in price came along side change in volume that was up 14.08% from previous day, but down 20.31% from the Tuesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 17 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From ScottyD97155633:

    @ROYALMRBADNEWS @MishelleO1974 @TJque1 @litecoin_bull @ccunningham821 @Michele17934584 @RealJamesWoods @realDonaldTrump @POTUS 3 – That being said…for some reason in the last 2-3 years he has changed. He has backtracked on many topics. He has argued agaisnt Trump many times. Something is wrong. He is not the same Alex Jones. Either he is controlled now or he is playing some role maybe even for POTUS.

  • From earlkralik:

    @DanDarkPill @ErikVoorhees He was the proto-maximalist. I remember his “why I will never buy Litecoin” post on Reddit. He made good arguments. Then he started Shapeshift and handwaved the maximalism away. He believes what he’s saying in the moment, but ultimately he has no conviction. Good businessman tho.

  • From johnkim77:

    I’m having dinner with big time businessmen of Dallas. They know me as the Litecoin guy. Let’s see if anything interesting comes out of this.