Litecoin (LTC) closes the previous hour up 0.33%; It moves down for the second consecutive day

[ad_2][ad_1]

The hourly display for LTC

Last updated November 3, 2020, 01: 036 GMT

At present, the price of LTC has increased by $ 0.18 (0.33%) 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. 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 down 3.09% ($ 1.72) since yesterday, marking the 2nd consecutive day, it has dropped. The price movement occurred on the volume which was up 61.7% from the previous day, but down 38.14% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin has been ranked 3rd since yesterday in terms of percentage change in price. Below is a chart of Litecoin’s daily prices.

LTC

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. Trending traders will want to observe that the the strongest trend appears on the 30th day horizon; in that period of time, the price went up. For further context, please note that the price has dropped 8 in the past 14 days.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

  • From L77ARY:

    @ROYALMRBADNEWS @litecoin_bull @realDonaldTrump @CSNZQ morning everyone, just wanted to say before the US election tomorrow, a big THANK YOU for all the communications, messages and guidance. I’ve learned a lot lately!

  • From _CLINTWESTWOOD_:

    @ PaulieP2 @RedKatLife @CustCarptry @legend_zog @LTCTheRightCoin @ricecrypto @missteencrypto @ JasonMack99 @ CryptoNana4LTC @changeangel_io Leprechauns don’t need stinking gold. They want Sound Money for the digital age …
    #Bitcoin
    #Litecoin
    #DigiByte

  • From MASTERBTCLTC:

    This is a bull market and dips are a # ltc🚀 # litecoin🚀 buying opportunity

As for a Litecoin-related news that’s getting some buzz:

Mimblewimble Progress Update Discussion – Development – Litecointalk Forum

I’ve been waiting for the testnet for long days, but when the date is near they won’t give us any updates as usual … Are we waiting for the last second? … Moving on: Now that the MWEB testnet is up and running, I’ll focus on ways to make it easy for even non-technical litecoin users to start testing it … Next month, I’ll share a detailed plan of all the remaining work needed to get MWEB merged into the main repository, so miners and node operators can start reporting activation in 2021! … Thanks for the hard work.

[ad_2]Source link