The Hourly View for LTC
Last Updated November 4, 2020, 01:036 GMT
Currently, LTC’s price is down $-0.19 (-0.35%) from the hour prior. The hourly chart shows that LTC has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
Litecoin entered today at $53.94, up 0.09% ($0.05) from yesterday. This move happened on lower volume, as yesterday’s volume was down 46.75% from the day before — and down 49.76% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone up 15 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MASTERBTCLTC:
PayPal is slowing allowing its 300+ million users access to buy litecoin.They are doing it in 10% increments…This will help build a massive wave in 2021Venmo will go live with litecoin support in early 2021 with 50M users…
- From lite_hause:
When i’ve reached the state of “financial freedom”, hopefully in part due to crypto (and once I move out of my apartment), I pledge to always run a miner(s) for as long as I live—contributing to the security of the Litecoin network, even when not profitable. Until then, stacking!
- From BoilingPointLLC:
LTCN is currently priced at $95. Seems there’s demand out there to get exposure to #Litecoin. Remember LTCN is just 1/10th of a Litecoin.
For a longer news piece related to LTC that’s been generating discussion, check out:
The Litecoin price prediction by The Fathers Of Crypto shows that the cryptocurrency is going to fall towards the $45.09 mark after the cryptocurrency breaks below the triangle pattern….That is when the price volatility will have decreased too much and the cryptocurrency may bounce off the bottom support to break towards the upside, and move across the falling resistance….The take profit is marked at $45.096, and it lies above a falling support line at the bottom of the trade setup.