Litecoin (LTC) closes last hour down $ -0.36; Head down for the second consecutive day, but still up for the past 14 days

The hourly display for LTC

Last updated 30 October 2020, 01: 037 GMT

At the moment, the price of LTC is down $ -0.36 (-0.65%) from the previous hour. This is a reversal of the price action in the previous hour, in which the price has risen. If you are a trend trader, consider that the strongest clear trend on the hourly chart 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 potential opportunity for rangebound traders.

Litecoin daily price summary

Litecoin is down 1.66% ($ 0.93) from the previous day, marking the 2nd consecutive day, there was a drop. This move happened with lower volume, as yesterday’s volume fell 3.04% from the day before and 58.98% from the same day the previous week. On a relative basis, Litecoin was the worst performer of all 7 assets in the Top Cryptos asset class during the previous day. The Litecoin Daily Price Chart below illustrates.

Litecoin technical analysis

Coming today Litecoin is now close to its 100-day averages, located at 52.58 respectively, and so it could be at a key time along those times. 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. For another point of view, consider that Litecoin’s price has increased by 16 of the previous 30 trading days.

Heard on Twitter

For laughs, quarrels or really useful information, let’s see what the most popular tweets related to Litecoin have been in the last day:

• From 0xBebis:
  

  @adored_hater trades for $ OCEAN, $ BAND, $ LINK $ AAVE, $ YFI, $ SNX, $ FTM or $ COMP. or simply trade for $ ETH, they are launching the first phase of a major upgrade soon. dogecoin, litecoin, bch and all the other old and dusty shitcoins will be left behind by Defi’s blue chips.

• From mbodlovick:
  

  @litecoin_bull @ROYALMRBADNEWS In my state, it is legally permitted to use deadly force on someone trying to commit arson on (their) home.

• From lite_home:
  

  In a world with mass adoption of Bitcoin, Litecoin will be the most suitable candidate to collect overflow. No other currency even comes close.