Litecoin (LTC) Closes Last Hour Up $0.34; Makes Big Move Relative to Two Week Trend, Moves Up For the 2nd Consecutive Day, Crosses 200 Day Moving Average

The Hourly View for LTC

Last Updated October 9, 2020, 11:15 GMT

Currently, LTC’s price is up $0.34 (0.72%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. 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 came into today up 1.39% ($0.65) from the open of the previous day, marking the 2nd consecutive day an increase has occurred. The price move occurred on volume that was up 17.62% from the day prior, but down 51.39% 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 the previous day. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 200 day moving average yesterday. 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 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

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

  • From ROYALMRBADNEWS:

    @22Bucky @GinglesKelley @Bernice17_Q @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 @cjtruth You mean cj UNtruth who recently became friends with the pedophiles dragons?The same dragons who we exposed?The same dragons who in recent days have been exposed for pedophilia?That cj UNtruth who recently became friends with the pedophiles dragons?

  • From MillaLiraj:

    What’s happening in #Litecoin lately:-A new Visa card.
    -Grayscale added Litecoin trust to its line.
    -The hash rate increased 50%, as of August.
    -Transactions doubled this year through August.
    -The number of LTC addresses has skyrocketed 400% in the last three years.$LTC

  • From ROYALMRBADNEWS:

    @Bernice17_Q @PsyopPatriot @GinglesKelley @GOODTRUMPS_EVIL @HamelAnnemarie @22Bucky @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 @cjtruth and that is why all the Anons and Bakers we are friends with from The Chan Boards want all those big accounts to be removed.