Litecoin (LTC) Closes Last Hour Down $-0.08; Makes Big Move Relative to Two Week Trend, Heads Up For the 4th Day In A Row

The Hourly View for LTC

Last Updated October 11, 2020, 11:15 GMT

At the time of this writing, LTC’s price is down $-0.08 (-0.16%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as LTC has now gone down 4 of the past 5 hours. 3 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 closed yesterday up 2.26% ($1.08); this denotes the 4th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 76.59% from the previous day (Friday), and up 126.24% from Saturday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, the current price of Litecoin is sitting close to its 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 9 them.

Overheard on Twitter

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

  • From SatoshiLite:

    @john_chungus @Lite731 @nftporn Stop believing everything FUDers say. I’ve been working full time on Litecoin since 2017. I’ve worked on Litecoin a lot harder the past years than during 2011-2016. Not owning LTC doesn’t mean I’m not fully invested in the success of Litecoin. Understand that and you will get it.


    Here is why litecoin will go to $3k
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 8+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ On all ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ litecoinfam
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MimbleWimble
    ☑️ 100% uptime

  • From LegacyofDave:

    @RealSaidov 2017 litterally the night before the crazy bull runs. While washing my hands in the banks bathroom, coworker comes in and starts talking bitcoin, litecoin, and ripple. At the end, tells me “you’re good at research, take a look at Cardano”
    … by the next week, I jumped into ADA