Litecoin (LTC) price close to $ 59.18; in an uptrend over the past 14 days, a series of 2-day downs ended

The hourly display for LTC

Last updated 28 October 2020, 01: 037 GMT

At the time of writing, the price of LTC has increased by $ 0.59 (1.01%) from the previous hour. It was a party for bulls operating on an hourly time frame, as LTC has now increased by 4 in the past 5 hours. From an hourly perspective, the market looks rather unstable; clear trends do not show themselves in the 20, 50 and 100 hour periods. 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

57.98 (USD) was the day’s opening price for Litecoin, resulting in the previous day where the price increased 1.93% ($ 1.1) from the previous day. The change in price was accompanied by the change in volume which fell 34.43% from the previous day, but up 81.82% from last week’s Tuesday. Compared to other instruments in the Top Cryptos asset class, Litecoin was ranked 3rd from the previous day in terms of percentage change in price. The Litecoin Daily Price Chart below illustrates.

Litecoin technical analysis

The clearest trend exists on the 14th day timeframe, which shows the price increasing over time. Or to look at it another way, note that over the past 10 days the price of Litecoin has risen by 7.

Heard on Twitter

On Twitter, here are the best tweets on Litecoin:

• From MASTERBTCLTC:
  

  In 2016 (4 years ago), zero people predicted how high the price of bitcoin and litecoin would be at the end of 2017. The same is happening today. The closest person in 2016 was Tim Draper and his prediction was 10k. Its forecast for 2022 is 250,000

• From MASTERBTCLTC:
  

  Path to $ 1 million of $ 20,000 litecoin at $ 50
  10,000 litecoin for $ 100
  5,000 litecoin for $ 200
  2,500 litecoin @ $ 400
  1,000 litecoin for $ 1000
  500 litecoin for $ 2000
  250 litecoin @ $ 4000 What level are you at?

• From TCryptographer:
  

  I visited my grandfather (92) in Miami last week. His 75-year-old girlfriend has $ 4 BTC. I sent her $ BTC $ LTC $ YFI. Only two Hungarians who escaped communism in 1956 to become both millionaires living the American dream. #Bitcoin @iearnfinance #Litecoin #Crypto