Litecoin (LTC) closes the previous hour up 0.31%; It increases for the 2nd consecutive day, in an uptrend for the past 30 days

The hourly display for LTC

Last updated November 5, 2020, 01: 036 GMT

Currently, the price of LTC has increased by $ 0.17 (0.31%) from the previous hour. LTC has seen its price drop out of 5 of the last 5 hours, thus creating some interesting opportunities for the bulls. Regarding the trend, note that the strongest trend exists in the 50 hour period. The most noteworthy thing in the world of moving averages on the hourly chart is that the 200 the moving average has now been surpassed, with the price now running Apart from this. 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 arrived today up to 1.43% ($ 0.77) since the opening of the previous day, marking the 2nd consecutive day there was an upward movement. The change in price was accompanied by the change in volume which increased by 21.43% from the previous day, but down 29.7% from last week’s Wednesday. Compared to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd from the previous day in terms of percentage change in price. Here is a chart of Litecoin’s daily price.

Litecoin technical analysis

Notably, Litecoin is now close to its 20 and 100-day moving averages, which can act as a price barrier for the asset. 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. Or to look at it another way, note that over the past 14 days the price of Litecoin has risen by 7.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

• From hackerb0t:
  

  Are you worried that your child is writing cryptocurrency messages? Smh = shorting market here
  lmao = want my ass
  brb = bitcoin breaks brother
  lol = litecoin or link
  wtf = we trade futures
  btw = bcash the worst
  ily = I wished yesterday
  ftw = futures trading warrior
  ttyl = the merchant yolo wanted

• From CanadaSpecialA1:
  

  NOT ONLY THE DIRECTOR OF @OIPRD_BDIEP DOES COVER TWICE FOR YRP, HIS WIFE IS A FRIEND OF CAROLINE MULRONEY! AND … .. TORONTO POLICE / CRIMESTOPPERS PARTNERED WITH SECUREDROP @ litecoin_bull @CSNZQ @NSAGov @FRBADROYAL

• From cretin4141:
  

  @RichardHeartWin @HEXcrypto Last December. I bought some but then he got mad and sold all my stupid Litecoin and bought a bunch of hexagons. Hex is a lot more fun and in a league unlike any other cryptocurrency!