Litecoin (LTC) price close to $ 47.78; Heads Up for 2nd consecutive day, breaks above the 200 day average, approaching the 50 day average

The hourly display for LTC

Last updated October 20, 2020, 11:15 am GMT

Currently, the price of LTC has increased by $ 0.12 (0.25%) from the previous hour. This is a reversal of the price action in the previous hour, where the price has fallen. 3 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 closed the day before up 0.95% ($ 0.45); this indicates that on the 2nd consecutive day there was an increase. The price movement occurred on the volume which was up 74.38% from the previous day, but down 43.58% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin was ranked 5th from the previous day in terms of percentage change in price. The Litecoin Daily Price Chart below illustrates.

Litecoin technical analysis

Notably, Litecoin broke its 200-day moving average yesterday. Trending traders will want to observe that the the strongest trend appears on day 30 horizon; in that period of time, the price went up. For another point of view, consider that Litecoin’s price has increased by 17 of the previous 30 trading days.

Heard on Twitter

For laughs, quarrels or really useful information, let’s see what the most popular tweets related to Litecoin have been in the last day:

• From ROYALMRBADNEWS:
  

  @litecoin_bull @SuperPowersT @ CanadaSpecialA1 @basil_ireton @ Cleopat82469861 @USMarshalsHQ @USMC @FBI @RCMPONT Along with the facts, larps wouldn’t know of Snowden sleeping in Brigg.

• From MASTERBTCLTC:
  

  I just finished the last of my three purchases from the land I sold I just converted a 10 acre wood property I owned for litecoin 💥💥💥💥

• From CanadaSpecialA1:
  

  @USMarshalsHQ @USMC @FBI @RCMPONT @ROYALMRBADNEWS @litecoin_bull Wayne Emmerson has some interesting links to the Stouffville area summer camps with the lovely satanic symbolism in the camp website photos. Field Heads Connects to Trudeaus favorite fields.