Litecoin (LTC) closes last hour down $ -0.25; Pin bar pattern that appears on the chart, in an uptrend over the past 30 days

The hourly display for LTC

Last updated November 2, 2020, 01: 036 GMT

Currently, the price of LTC has dropped $ -0.25 (-0.44%) from the previous hour. This is a reversal of the price action in the previous hour, where the price has risen. As for the trend of the hourly time frame, we see the clearest trend over 20 hours. The most noteworthy thing in the world of moving averages on the hourly chart is that the 200 the moving average has now been exceeded, so the price is now turning under it. 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

The ripple in Litecoin’s recent daily price action continues; to start today, it came in at a price of $ 55.61, down 0.32% ($ 0.18) from yesterday. This move occurred on lower volume, as yesterday’s volume fell 46.12% from the day before and 64.4% from the same day the previous week. Out of 7 instruments in the Top Cryptos asset class, Litecoin finished in sixth place on the day in terms of price change compared to yesterday. Here is a chart of Litecoin’s daily price.

Litecoin technical analysis

The clearest trend exists in the 30 days timeframe, which shows the price increasing over time. Or to look at it another way, note that over the past 30 days the price of Litecoin has risen by 16. Also, candle traders! Note that the pin bar pattern also appears here.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

• From MASTERBTCLTC:
  

  Just to be clear, because many of you are new followers. I own a huge amount of $ LTC which I never touch. Litecoin will always be my most important position. After 10,000 hours, I researched other cryptocurrencies and chose litecoin as the best upside potential.

• From Crypto_keeper_J:
  

  @davidgokhshtein Hey David, that’s why the Litecoin community is the best. We encourage people to have more coins (not ALL) and to educate themselves. Our community offers many content creators providing good influence on Crypto Newcomers, have a nice day.

• From MASTERBTCLTC:
  

  There is a waiting list for buying cryptocurrencies on PayPal so that the price does not rise. # ltc🚀 # litecoin🚀