The hourly display for LTC
Last updated November 18, 2020, 02: 036 GMT
At the time of writing, LTC’s price has dropped $ -0.82 (-1.09%) from the previous hour. This is a reversal of the price action in the previous hour, where the price went up. Regarding the trend, note that the strongest trend exists in the 20 hour period. The moving averages over the hourly timeframe suggest a downside in price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Litecoin daily price summary
Litecoin closed yesterday up 3.47% ($ 2.56); this denotes on the 2nd consecutive day that an increase has occurred. The price movement occurred on stronger volumes; in particular, yesterday’s volume increased 98.99% compared to the previous day and 1324.36% compared to 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. Below is a chart of Litecoin’s daily prices.
Litecoin technical analysis
The clearest trend exists on the 14th day time frame, which shows the price rising over that period. For further context, please note that the price has increased by 9 over the past 14 days.
Heard on Twitter
On Twitter, here are the best tweets on Litecoin:
- From BoilingPointLLC:
I see so many people talking about the #Litecoin price action now. Not the community, but all of these aspiring cryptocurrency traders. It’s pretty hilarious that they haven’t mentioned anything in the last 2 years while this pattern has unfolded.
- From buysellshort:
$ DPW currently owns bitcoin AND Litecoin according to its November 13 SEC filing: They mined bitcoin and litecoin in January of this year b4 by stopping mining operations. A press release on mining operations launched by DPW could be on the way based on the move in cryptocurrencies this month. .
- From pranksyNFT:
Here’s a very 2017 idea, I’m setting aside 1 #BTC to buy in some 2020 moonshots, I want this year @vergecurrency, @Ripple, @litecoin, know the score, nothing fundamentals just a big enough following from luna! Shill me your .. shit .. hot .. alts, could buy 10 and keep track of them
In terms of news links for Litecoin, here is one for you to try:
Difference between Litecoin (LTC) and Ripple (XRP) – Blog WazirX
Ripple and Litecoin are dominating the cryptocurrency market with their absolute simplicity and security, which comes at a low cost … Regardless of all these benefits, Litecoin is paralyzed by the highly volatile level of the cryptocurrency market, which invests as a considerably risky business. . Ripple Technology has gained worldwide recognition under the name of XRP digital currency.
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