The hourly display for LTC
Last updated November 4, 2020, 01: 036 GMT
Currently, the price of LTC has dropped $ -0.19 (-0.35%) from the previous hour. The hourly chart shows what LTC has seen 2 consecutive hours. Regarding the trend, note that the strongest trend exists in the 50 hour period. Moving averages over the hourly timeframe suggest a bullish price, as 20, 50, 100 and 200 are all in a bullish alignment, meaning shorter durations are above longer duration averages, which implies a solid upward trend.
Litecoin daily price summary
Litecoin entered $ 53.94 today, up 0.09% ($ 0.05) from yesterday. This move occurred on lower volume, as yesterday’s volume fell 46.75% from the day before and 49.76% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Litecoin finished in fourth place on the day in terms of price change compared to yesterday. The Litecoin Daily Price Chart below illustrates.
Litecoin technical analysis
Coming up to date, Litecoin’s current price is close to its 20-day and 100-day moving averages; moving average crosses often indicate a change in momentum, so it may be worth keeping an eye on. 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 timeframe, which shows the price increasing over time. For further context, note that the price has risen by 15 over the past 30 days. As for candlestick traders, we should note that we are seeing the pin bar pattern appearing here.
Heard on Twitter
On Twitter, here are the best tweets on Litecoin:
- From MASTERBTCLTC:
PayPal is slowing down by allowing its more than 300 million users to log in to purchase litecoin. They are doing it in 10% increments … This will help build a huge wave in 2021 Venmo will go into effect with litecoin support in early 2021 with 50 million users …
- From lite_home:
When I have reached the state of “financial freedom”, hopefully partly because of cryptocurrencies (and once I get out of my apartment), I am committed to always managing a miner for as long as I live, contributing to the security of the network. Litecoin, even when not profitable. Until then, stacking!
- From BoilingPointLLC:
LTCN is currently priced at $ 95. There seems to be demand out there for getting exposure to #Litecoin. Remember that LTCN is only 1/10 of a Litecoin.
For longer news related to LTC that has generated discussions, check out:
Litecoin Price Prediction: LTC Expects Drop to $ 45.09, Analyst | Cryptopolitan
The Fathers Of Crypto Litecoin Price Prediction Shows The Cryptocurrency Will Fall Towards The $ 45.09 Mark After The Cryptocurrency Breaks Below The Triangle Pattern … This Is When Price Volatility Has Drooped Too Much and the cryptocurrency may bounce off the support bottom to break up and cross the declining resistance …. The take profit is marked at $ 45.096, and sits above a declining support line at the bottom of the trade setup.
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