Litecoin (LTC) Closes Prior Hour Up 0.28%; 6 Day Up Streak Snapped, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated October 14, 2020, 19:15 GMT

At the moment, LTC’s price is up $0.14 (0.28%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. 1 Of note is that the 100 hour changed directions on LTC; it is now pointing up. 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

Litecoin’s 6 day positive streak has officially concluded, as the candle from the previous day closed down 1.36% ($0.69). This move happened on lower volume, as yesterday’s volume was down 19.24% from the day before — and down 15.82% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th 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 50 and 100 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. For additional context, note that price has gone up 9 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 SatoshiLite:

    Litecoin price on its birthday:
    10/13/2012 – $0.09
    10/13/2013 – $2.08
    10/13/2014 – $4.07
    10/13/2015 – $3.13
    10/13/2016 – $3.88
    10/13/2017 – $63.91
    10/13/2018 – $53.93
    10/13/2019 – $56.49
    10/13/2020 – $50.00Draw your own conclusion. 😃

  • From lite_hause:

    Litecoin is the ultimate Bitcoin bull’s coin.When one holds Litecoin, essentially, one is betting on a future where the Bitcoin network is so highly utilized that overflow will pour into Litecoin. Even the Lightning Network has a certain capacity.Remember ‘17 ⚡️

  • From AgentBurlington:

    @AgtFearlesCan @CanadaSpecialA1 @AngelAsphalt @nohabra @SusannarussoP @AGENTJUSTICE4AL @litecoin_bull @terridahl05 Prison would be a gift for Trudeau. He has already received alottttt worse. He is gone baby gone. His stand -in will also be gone very soon. OUR PRIME MINISTER IS DONALD JOHN TRUMP

For a longer news piece related to LTC that’s been generating discussion, check out:

Bitfinex Derivatives: EOS, Litecoin and Polkadot perpetual contracts are here

Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet a new approach to cryptocurrency wallets
By Amelia Tomasicchio
– 12 Oct 2020
Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0)….Paolo Ardoino, the CTO of Bitfinex Derivatives, said: “We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange.