Litecoin (LTC) Closes Last Hour Down $0.00; Makes Big Move Relative to Two Week Trend, Moves Up For the 4th Day In A Row

The Hourly View for LTC

Last Updated October 11, 2020, 03:015 GMT

At the moment, LTC’s price is down $0 (0%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 2 The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin is up 2.26% ($1.08) since yesterday, marking the 4th day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 76.59% from the day prior, and up 126.24% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From SatoshiLite:

    @john_chungus @Lite731 @nftporn Stop believing everything FUDers say. I’ve been working full time on Litecoin since 2017. I’ve worked on Litecoin a lot harder the past years than during 2011-2016. Not owning LTC doesn’t mean I’m not fully invested in the success of Litecoin. Understand that and you will get it.

  • From MASTERBTCLTC:

    Here is why litecoin will go to $3k
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 8+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ On all ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ litecoinfam
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MimbleWimble
    ☑️ 100% uptime

  • From LegacyofDave:

    @RealSaidov 2017 litterally the night before the crazy bull runs. While washing my hands in the banks bathroom, coworker comes in and starts talking bitcoin, litecoin, and ripple. At the end, tells me “you’re good at research, take a look at Cardano”
    … by the next week, I jumped into ADA