Litecoin (LTC) closes the previous hour up by 0.02%; It falls for the third consecutive day, in an uptrend for the past 30 days


The hourly display for LTC

Last updated October 31, 2020, 01: 037 GMT

Currently, the price of LTC has increased by $ 0.01 (0.02%) from the previous hour. LTC has seen its price drop on 4 of the last 5 hours, thus creating some interesting opportunities for the bulls. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 100 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 timeframe suggest a bullish trend in the price, as 20, 50, 100 and 200 are all in a bullish alignment, which means that the shorter durations are above the longer duration averages, the which implies a solid upward trend.

Litecoin daily price summary

Litecoin closed the previous day down 1.58% ($ 0.87); this denotes the third consecutive day that a decline has occurred. The change in price was accompanied by the change in volume which increased 41.6% from the previous day, but down 31.11% from last week’s Friday. Compared to other instruments in the Top Cryptos asset class, Litecoin ranked 5th from the previous day in terms of percentage change in price. Below is a chart of Litecoin’s daily prices.


Litecoin technical analysis

The first thing we should note is that Litecoin is now close to its 20 and 100-day averages, located at 52.42 and 52.67 respectively, and so it could be at a pivotal time along those times. The clearest trend exists on the 14th day time frame, which shows the price rising over that period For further context, note that the price has risen by 15 over the past 30 days.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

  • From Zhenevieva11:

    @immaluckez @litecoin_bull @ROYALMRBADNEWS @ afra0alasri Yes, I remember David Wilcock said about 10 days of darkness in April. So it appeared to be an unreliable source

  • From Asadharari:

    Can’t wait for #litecoin to start doing some face melting and @ l3l2ucelee pulls out the fud folder one by one

  • From mbodlovick:

    @litecoin_bull @ROYALMRBADNEWS In my state, it is legally permitted to use deadly force on someone trying to commit arson on (their) home.

In terms of news links for Litecoin, here is one for you to try:

Monero Exceeds Litecoin, Bitcoin Cash as Crypto Payment | Crypto Briefing

This metric is roughly five to eight times the average transaction fee on Litecoin. Transaction privacy on Monero prevents comparison of transaction count and volume on these protocols. The increase in the average fee on Monero, however, suggests that the actual volume of transactions on Litecoin is greater …. You should never make an investment decision on an ICO, IEO or other investment based on the information on this website and you must never interpret or otherwise rely on any information on this website as investment advice.

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