The hourly display for LTC
Last updated 25 November 2020, 02: 036 GMT
Currently, the price of LTC has dropped $ -1.4 (-1.56%) from the previous hour. This is a reversal of the price action in the previous hour, in which the price has risen. As for the trend of the hourly time frame, we see the clearest trend over the 100 hour time frame. The most noteworthy thing in the world of moving averages on the hourly chart is that the 50 the moving average has now been exceeded, so the price is now turning under it. The moving averages over the hourly timeframe suggest a downside in the price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Litecoin daily price summary
Litecoin arrived today up 0.18% ($ 0.16) since the opening of the previous day, marking the 2nd consecutive day there was an upward movement. The price movement occurred on volume that had increased 6.9% from the previous day, but down 25.53% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin was ranked 6th from the previous day in terms of percentage change in price. Here is a chart of Litecoin’s daily price.
Litecoin technical analysis
Trend 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, note that the price has risen by 17 over the past 30 days. And for candle traders, a special treat: there is also a spiked bar pattern that appears on the charts. Rejoice!
Heard on Twitter
Look! Here are the best tweets related to Litecoin:
- From Deathkonen:
In a fair market, Bitcoin SV should be worth more than bch and litecoin. This would give you an approximate price of $ 309. If we added that to the current bullish situation … I would give a price of around. $ 450-600 in the next two months.
Do your math … - From MASTERBTCLTC:
Many people spend time contemplating the risks surrounding #Litecoin 🚀. They completely lose the greatest risk of all, which is to sit on the sidelines and passively watch the greatest financial and technological revolution of the century unfold before their eyes.
- From DaddyCool1991:
#Litecoin has finally reached the price at which I could fill my wife’s tank and still have enough dollars to buy pork rinds and lemonade. Life is Beautiful. #LTC
For longer news related to LTC that has generated discussions, check out:
Exploring the idea of interoperability between Cardano and Litecoin | CryptoSlate
David Schwartz, the project director of the Litecoin Foundation, said it is important to generate as much speech as possible about this idea, as having a bridge between Litecoin and Cardano would not only benefit the two blockchains, but the entire cryptocurrency industry … said it’s been a month since the Litecoin Foundation started pushing the idea of cross-chain interoperability with Cardano to the Litecoin community …. He said that Cardano and Litecoin can connect by implementing a velvet fork to Litecoin in so that the blockchain can adopt NIPoPoWs. Although the concept of NIPoPoWs is well known in the cryptocurrency industry, velvet forks have yet to make their way into the blockchain mainstream … However, it’s not the velvet fork itself that creates the bridge to another blockchain … When it’s about the cement velvet fork that would connect Litecoin and Cardano, Zindros said it would happen on the Litecoin side … Zindros said that technically speaking, a velvet fork would be extremely quick to deploy to Litecoin.
[ad_2]Source link
