Litecoin (LTC) closes the previous hour down by -0.1%; Watch out for the third consecutive day, it takes a big step up from the two-week trend


The hourly display for LTC

Last updated November 6, 2020, 01: 037 GMT

At the time of writing, LTC’s price has fallen $ -0.06 (-0.1%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 50 hour period. Price action traders may also want to note that we see a pin bar candlestick pattern on LTC. Given that we see an upward trend over the time frame of the 20 and 10 hour candles and that such candle patterns often denote reversals, this can be worth noting. 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

Litecoin is up 7.84% ($ 4.29) since yesterday, marking the 3rd consecutive day, it has risen. The price movement occurred on the volume which was up 36.17% from the previous day, but down 1.27% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin has been ranked 2nd since yesterday in terms of percentage change in price. The Litecoin Daily Price Chart below illustrates.


Litecoin technical analysis

Volatility for Litecoin contracted in the past two weeks versus the volatility in the past month. Whether volatility recedes will be something to watch. The clearest trend exists in the 30 days time frame, which shows the price rising over that period Or to look at it another way, note that over the past 30 days the price of Litecoin has risen by 17.

Heard on Twitter

On Twitter, here are the best tweets on Litecoin:

  • From hell:

    @litecoin_bull I find it a trip. Most of the patriots who follow you, TRDJ and Cue should have faith that things are the way they should be. But many are stumbling because it looks ugly. They have to take a cold pill. Have faith. America will win.

  • From CoinPayU:

    The fee will be reduced if the bitcoin network is not congested. If you don’t like the transaction fee, you can choose to use Litecoin, Dogecoin, Faucetpay. There are no fees for these payment processors.

  • From Thebluejay9:

    @litecoin_bull Is the MSM show a great time? The news last night said Biden needed 2 more to reach 270 and was imminent. He needs 11 tonight and the count has stopped. Monumental sting?

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