The Hourly View for LTC
Last Updated September 30, 2020, 19:15 GMT
Currently, LTC’s price is down $-0.06 (-0.13%) from the hour prior. This is the 3rd consecutive hour LTC has seen its price head down. 1 Price action traders may also wish to note that we see a doji candlestick pattern on LTC. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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
45.7 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved up 1.04% ($0.47) from the previous day. This move happened on lower volume, as yesterday’s volume was down 38.73% from the day before — and down 22.41% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 20 and 200 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 down over that time. For additional context, note that price has gone up 7 out of the past 14 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 ErnestHemming12:
@jonnylitecoin @LTCTheRightCoin @lisamightydavis @DaddyCool1991 @CryptoNana4LTC @johnkim77 @I_Make_Lemonade @LTCFoundation @billbarhydt @bensemchee @BoilingPointLLC My position Bitcoin & Litecoin are MONEY. Everything Else is either a Gift Card, a roll of tickets at an Amusement Park, A Toll Road (ETH), a stuffed Panda at that same Park (I’ll detail NFT’s later) . . some digital representation of a Server Room somehwere . . .
- From DAwnmcnemar:
@litecoin_bull That’s the only way he could survive that … notice towards the end he really struggled to make a complete thought. He looked weird, plastic like too. I even thought he was falling asleep at one point or two lol
- From francispouliot_:
Archeologists find OpenDime
1000 years in future
Live interplanetary TV broadcast
Billions watch in anticipation
The OpenDime is opened
Historians strike every mention of @nvk from the school textbooks “All along… he was a shitcoiner”😂😂😂
For a longer news piece related to LTC that’s been generating discussion, check out:
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