The Hourly View for LTC
Last Updated September 28, 2020, 15:15 GMT
Currently, LTC’s price is up $0.08 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 1 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 0.07% ($0.03) since the previous day, marking the 4th consecutive day it has gone up. The price move occurred on volume that was up 10.13% from the day prior, but down 26.64% 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 20 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 16 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From ROYALMRBADNEWS:
@litecoin_bull @TG4FAVOR @JSWDH1 @JoeyBurges Truth be told it’s been hard to us to keep track of what Q has been doing since almost all of 2019 because we have been too busy along with being barely able to remember what day is what.
- From lite_hause:
I’m extremely excited to see Mimblewimble on Litecoin via EB’s.Some of the most renown BTC contributors (G. Maxwell, Adam Back, A. Poelstra, J. Lau, etc.) contributed to even making this possible.To finally see this tech live on Litecoin will be of historical importance.
- From GeorgeBLE17:
#Litecoin #MimbleWimble – this groundbreaking work being established is gonna be on testnet sometime end of September. Beyond excited what this will do. More people will eventually understand why privacy matters. Thank you @DavidBurkett38 / everyone involved in making this happen