Litecoin (LTC) price close to $ 49.53; Head down for the 2nd consecutive day, in an uptrend over the past 14 days, pin bar pattern appearing on the chart


The hourly display for LTC

Last updated 15 October 2020, 03: 015 GMT

Currently, the price of LTC has increased by $ 0.04 (0.08%) from the previous hour. This move is a reversal from the previous hour, which saw the price drop. 1 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 0.18% ($ 0.09) since yesterday, marking the 2nd consecutive day, there has been a decline. The price movement occurred on the volume which was down 33.19% from the previous day, but up 7.25% 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. Here is a chart of Litecoin’s daily price.


Litecoin technical analysis

Coming today Litecoin is now close to its 50 and 100 day averages, located at 49.3 and 51.17 respectively, and so it could be at a key moment along those times. Trending traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. For further context, please note that the price has increased by 8 in the past 14 days. Also, candle traders! Note that the pin bar pattern also appears here.

Heard on Twitter

On Twitter, here are the best tweets on Litecoin:

  • From CromwellStuff:

    @TIKPAQ @ROYALMRBADNEWS @litecoin_bull @Do_Or_Do_Notty @ YoungJames33 @ Qanon76 @simondolan @Nigel_Farage @TiceRichard @BrooklandBently @ mik61scot @ Helenhaynes63 @RuthDavidsonMSP apart @ cimarting @ RuthDavidsonMSP apart @ cimarting they are not making fuk16 fukers! @ MattHancock wake up sheep soon you’ll find yourself wandering around the slaughterhouse, wondering “how did I get here”?

  • From CryptoCobain:

    Ok yes, one of the top 3 places had to go to Charlie Lee who was publicly selling the Litecoin top. Masterpiece.

  • From SatoshiLite:

    @Monerotrader Tari’s solution is a MW sidechain, which is very similar to our MWEB solution on Litecoin. As I said, the problem is the liquidity of the currency. You can have a perfect privacy coin but without liquidity it’s useless. So my approach is to make an already liquid currency more private.

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

Litewallet – Official Litecoin wallet for iOS and Android from the Litecoin Foundation

Litewallet adapts the best design and functionality elements of
existing portfolios along with our improvements and designs
choices… .Litewallet can import your current Litecoin wallet quickly and
easily so you can carry your existing wallet with you.

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