Litecoin (LTC) Closes Prior Hour Down -0.28%; in an Uptrend Over Past 14 Days, Heads Down For the 3rd Straight Day

The Hourly View for LTC

Last Updated October 16, 2020, 11:15 GMT

At the moment, LTC’s price is down $-0.13 (-0.28%) 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. 3 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 is down 0.6% ($0.3) since the previous day, marking the 3rd straight day a decrease has occurred. The price move occurred on volume that was up 6.59% from the day prior, but down 2.82% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20, 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 16 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From lite_hause:

    Litecoin is currently at approx. 0.0043 on the LTC/BTC ratio. The last time Litecoin was at these levels (early 2017), 3-5 months later, Litecoin went on a run and sprung to over .015 (240%+ increase on the ratio).

  • From ScottyD97155633:

    @litecoin_bull @ROYALMRBADNEWS As I asked the judge…A question judge about Barr. With Bush 41 gone he is freed. Right? If the military came to him and said
    “keep the script” would he in dspite what we all know of his DS involvement. Is Barr flipped to white hat? Did he get an offer he could not refuse?

  • From JenifferCC:

    Happy day 🌟💫🦋6 Fiat Currencies are available to view balance of Crypto :
    USD (US Dollar)
    GBP (GB Pound)
    CRC (Costa Rica Colan)
    EUR (Euro)
    CAD (Canadian Dollar)
    AUD (Australian Dollar)3 Crypto Currencies wallets are available :
    #BTC (Bitcoin)
    #LTC (Litecoin)
    #DIVI (Divi)

In terms of news links for Litecoin here’s one to try:

Litecoin One Step Closer to Cardano Partnership and “Velvet Fork” | Crypto Briefing

He says that the fork would allow cross-chain payment settlements between Cardano and Litecoin….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.