Litecoin (LTC) Closes Prior Hour Up 0.31%; Moves Up For the 2nd Day In A Row, in an Uptrend Over Past 30 Days

The Hourly View for LTC

Last Updated November 5, 2020, 01:036 GMT

Currently, LTC’s price is up $0.17 (0.31%) from the hour prior. LTC has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin Daily Price Recap

Litecoin came into today up 1.43% ($0.77) from the open of the previous day, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 21.43% from previous day, but down 29.7% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 7 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From hackerb0t:

    Are you worried ur child is texting about crypto?smh = shorting market here
    lmao = longing my ass off
    brb = bitcoin rocks bro
    lol = litecoin or link
    wtf = we trade futures
    btw = bcash the worst
    ily = I longed yesterday
    ftw = futures trading warrior
    ttyl = the trader yolo longed

  • From CanadaSpecialA1:


  • From cretin4141:

    @RichardHeartWin @HEXcrypto Last december. Bought a bit but then got angry and sold all my stupid Litecoin and bought a lot of hex. Hex is so much more fun and in a different league to every other crypto!