The hourly display for LTC
Last updated 10 November 2020, 02: 037 GMT
At the moment, the price of LTC is down $ -0.2 (-0.34%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. Regarding the trend, note that the strongest trend exists in the 100 hour time frame. Note that the 100 and 50 hours have changed direction on LTC; now they are pointing down. 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 back and forth price flow continues for Litecoin, which started today at US $ 59.24, down 2.89% ($ 1.76) from the previous day. The price movement occurred on volume that was up 20.57% from the previous day, but down 67.96% from the same day the previous week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performing in the class during the previous day. Below is a chart of Litecoin’s daily prices.
Litecoin technical analysis
Notably, Litecoin is now close to its 20-day moving averages, which can act as a price barrier for the asset. Trend 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 30 days the price of Litecoin has risen by 15.
Heard on Twitter
On Twitter, here are the best tweets on Litecoin:
- From MASTERBTCLTC:
#Litecoin is a dominant cryptographic network, designed to house the ideal safe haven asset and preserve monetary energy for extended periods of time without loss of power. This makes #LTC the solution to every investor’s store of value problem. Few understand this.
- From MASTERBTCLTC:
400 million new users and only 66 million litecoin available today … Most of that litecoin is blocked and unavailable Demand will greatly exceed supply in the next 12 months
- From MASTERBTCLTC:
Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal
@PayPal
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