Litecoin (LTC) Closes Last Hour Up $0.27; Heads Up For the 3rd Consecutive Day

The Hourly View for LTC

Last Updated October 24, 2020, 01:036 GMT

At the moment, LTC’s price is up $0.27 (0.49%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on LTC; it is now pointing down. 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 1.84% ($1) since yesterday, marking the 3rd consecutive day an upward move has occurred. The price move occurred on volume that was down 15.69% from the day prior, but up 98.12% from the same day the week before. On a relative basis, yesterday was pretty good: Litecoin bested all 7 of the assets in the Top Cryptos class 🙂 Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 19 of the previous 30 trading days.

Overheard on Twitter

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

  • From DaddyCool1991:

    Pretty sure PayPal doesn’t have a commodity as a payment option.This should force a re-look at what the 4 cryptos on it are classified as.My vote is for money.
    Hence the word #cryptocurrency #Bitcoin #Litecoin

  • From ArgoBlockchain:

    What a week. PayPal allowing customers to buy, sell and hold crypto, including BTC, Ether, and Litecoin, is a big step forward. This pushed BTC’s price over the $13,000 mark on Wednesday.

  • From stormxio:

    Congrats to all our users who earned free #litecoin by shopping online and getting crypto cash back through our app. Whether you’re buying Pokemon cards from eBay or some kicks from Nike you’re up 13% on top of your free [email protected] $LTC ❤️