Litecoin (LTC) Closes Prior Hour Down 0%; Price Base in Formation Over Past 90 Days

The Hourly View for LTC

Last Updated October 4, 2020, 03:015 GMT

Currently, LTC’s price is down $0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 0 Price action traders may also wish to note that we see a doji candlestick pattern on LTC. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 100 hour changed directions on LTC; it is now pointing down. 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

45.56 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved up 1.36% ($0.61) from the previous day. This move happened on lower volume, as yesterday’s volume was down 51.16% from the day before — and down 4.39% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 17 them.

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 montante_justin:

    @CryptoMichNL LITECOIN Is one of the only Pure Altcoins on the Market… just a reminder
    1. King of Scrypt
    2. Most ATMs
    3. 3rd Most Liquid coin
    4. 0 down time in 9 yearsPeople that call litecoin useless are usually the Noobs who don’t have a sense for the Fundamentals…

  • From PlastiksurgeonE:

    @litecoin_bull Lynn DeRothchilds referred to that same phrase when HRC was running in ‘16——“To Get Her”.Funny how she’s now dropped TOTALLY out of sight??Guess MI went and got HER eh?? ☺️


    Tested positive for litecoin today 1. High MimbleWimble fever
    2. Loss of desire for fiat
    3. Congestion of litecoin on my Trezor
    4. Doctor listened to my heart…sound money