Litecoin (LTC) closes last hour down $ -0.69; It falls for the second consecutive day, in an uptrend over the past 14 days, breaks below the 20-day average


The hourly display for LTC

Last updated November 27, 2020, 02: 036 GMT

At the time of writing, LTC’s price has dropped $ -0.69 (-0.96%) from the previous hour. The hourly chart shows what LTC has seen 2 consecutive hours. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 100 hour period. The most noteworthy thing in the world of moving averages on the hourly chart is that the 20 the hourly moving average has been exceeded, with the price now in progress 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 not consistent, indicating opportunity for rangebound traders.

Litecoin daily price summary

Litecoin closed the previous day down 13.13% ($ 10.74); this denotes on the 2nd consecutive day that a decrease has occurred. As for the volume trend, yesterday’s volume increased by 50.53% compared to the previous day (Wednesday) and by 13.98% compared to Thursday of the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin was ranked 3rd from the previous day in terms of percentage change in price. The Litecoin Daily Price Chart below illustrates.


Litecoin technical analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed its 20-day moving average yesterday. Trending traders will want to observe that the the strongest trend appears on day 30 horizon; in that period of time, the price went up. Or to look at it another way, note that over the past 14 days the price of Litecoin has risen by 8.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

  • From HoganPipeSupply:

    @OFFICIALTRDJ @litecoin_bull I’ll say one more thing: based on the follower combination, my tweets to you guys are getting a lot more impression than normal, any comments on that. I mean, damn, I have 61 followers … but over 250 impressions in less than an hour … that’s a lot.


    @litecoin_bull @WyomingScience @HoganPipeSupply @ 2vmk2 He had the power! HE HAS GONE! “biden” The so-called “presidency” lasted for a few days. President Trump continues to have complete control of the electoral votes. “biden” did not take the Once and now Pennsylvania BLOCKED by the judge.

  • From lite_home:

    I want to contribute and am willing to give someone $ 150 in Litecoin if they can write a tough article about Mimblewimble details via extension blocks on Litecoin. I would but I’m not smart or technical enough. Any advice @SatoshiLite @ecurrencyhodler?

For longer news related to LTC that has generated discussions, check out:

Cardano and Litecoin discuss the velvet fork to achieve interoperability

The project is building a “bridge” between the Litecoin and Cardano blockchains …. In a later publication, Schwartz explained that communication between networks could be implemented with a velvet fork …. However, the Litecoin researcher and director The Foundation was optimistic about the acceptance that an initiative such as the proposal will have in communities.

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