Litecoin (LTC) closes the previous hour up by 0.52%; He gets up for the second consecutive day


The hourly display for LTC

Last updated 23 October 2020, 01: 037 GMT

At the time of writing, the price of LTC has increased by $ 0.28 (0.52%) from the previous hour. This move is a reversal from the previous hour, which saw the price drop. If you are a trend trader, please consider that the strongest clear trend on the hourly chart exists in the 20 hour period. The moving averages over the hourly timeframe suggest a fall in the price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are below the longer duration averages, the which implies a stable downward trend.

Litecoin daily price summary

Litecoin arrived today up 2.47% ($ 1.31) since the opening of the previous day, marking the 2nd consecutive day there was an increase. The change in price was accompanied by the change in volume which decreased by 21.96% from the previous day, but up 317.32% from last week’s Thursday. Of the 7 instruments in the Top Cryptos asset class, Litecoin finished in third place on the day in terms of price change from the previous day. Let’s take a look at Litecoin’s daily price chart.


Litecoin technical analysis

The clearest trend exists in the 90 days timeframe, which shows the price moving down during that period. Interestingly, there is a trend in the opposite direction over the 30-day period, where the price is rising. So, if you expect the primary trend to resume, the countertrend could provide an opportunity to do so sell demonstrations. For further context, note that the price has increased by 8 in the past 14 days.

Heard on Twitter

Look! Here are the best tweets related to Litecoin:

  • From DaddyCool1991:

    I’m pretty sure PayPal doesn’t have a commodity as a payment option, which should force you to review how the 4 cryptocurrencies are ranked on it.
    Hence the word #cryptocurrency #Bitcoin #Litecoin

  • From ArgoBlockchain:

    What a week. PayPal which allows customers to buy, sell and hold cryptocurrencies, including BTC, Ether and Litecoin, is a big step forward. On Wednesday, this pushed BTC’s price above $ 13,000.
    🚀 # BTC

  • From stormxio:

    Congratulations to all of our users who have earned #litecoin for free by shopping online and receiving cash through our app. Whether you’re buying Pokemon cards from eBay or some kicks from Nike, you get 13% more on your free earnings. @ LTCFoundation $ LTC ❤️

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