The hourly display for LTC
Last updated November 26, 2020, 02: 036 GMT
At the time of writing, LTC’s price has fallen $ -1.78 (-2.18%) from the previous hour. It was a party for the bears operating on an hourly time frame, as LTC has now dropped by 4 of the last 5 hours. Regarding the trend, note that the strongest trend exists in the 50 hour period. The moving averages on the hourly time frame suggest a discontinuity in price, as 20, 50, 100 and 200 are all in a mixed alignment, which means that the trend across time periods is inconsistent, indicating a potential opportunity for rangebound traders.
Litecoin daily price summary
81.77 (USD) was the day’s opening price for Litecoin, resulting in yesterday’s price when the price fell 8.43% ($ 7.53) from yesterday. The price movement occurred on the volume which was down 35.16% from the previous day, but up 11.83% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Litecoin finished in 5th place for the day in terms of price change compared to yesterday. The Litecoin Daily Price Chart below illustrates.
Litecoin technical analysis
Trending traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. Or to look at it another way, note that over the past 10 days the price of Litecoin has risen by 7.
Heard on Twitter
On Twitter, here are the best tweets on Litecoin:
- From masterltcbtcbot:
Current LTCBTC ratio is 0.00466026 Litecoin is an oscillator for bitcoin and next peak cycle we expect LTCBTC ratio to peak around 0.025 At today’s bitcoin price we expect litecoin price to be: $ 193 to 0.010
$ 289 at 0.015
$ 386 to .020
$ 482 to 0.025 $ 1207 to 0.0625 max - From lite_home:
November Litecoin Update (01/11/25) 🔵 Mimblewimble EB testnet is a month and a half in.
🔵Litecoin under management of Grayscale recorded a 104% increase
🔵Litecoin price increased by 52%
🔵 Litecoin velvet fork discussion in progress - From MASTERBTCLTC:
Here is my plan
1. Reduction of equity exposure to zero
2. Reduction of expenditure
3. Land owned sold / car / etc
4. Missed loan payment (car / etc.)
5. Purchased more litecoin
As for a Litecoin-related news that’s getting some buzz:
Cardano and Litecoin discuss the velvet fork to achieve interoperability
The project is the construction of a “bridge” between the Litecoin and Cardano blockchains …. In a subsequent publication, Schwartz explained that communication between networks could be implemented with a velvet fork …. However, the researcher and the director of Litecoin The Foundation was optimistic about the acceptance that an initiative such as the proposal will have in communities.
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