Litecoin (LTC) Closes Last Hour Up $0.12; 2 Day Up Streak Ended, But Still in an Uptrend Over Past 30 Days – CFDTrading


The Hourly View for LTC

Last Updated November 19, 2020, 08:016 GMT

Currently, LTC’s price is up $0.12 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 20 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

73.52 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 3.77% ($2.88) from yesterday. The price move occurred on volume that was down 56.82% from the day prior, but up 218.44% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From BoilingPointLLC:

    i see so many people talking about #Litecoin price action now. Not the community but all these wannabe big time crypto traders. It’s pretty hilarious that they didn’t mention a damn thing over the past 2 years while this pattern played out.

  • From pranksyNFT:

    Here is a very 2017 idea, I’m setting aside 1 #BTC to buy into some 2020 moonshots, I want this years @vergecurrency, @Ripple, @litecoin, you know the score, no fundamentals just a following large enough to moon! Shill me your.. shit.. hot.. alts, might buy 10 and keep track

  • From buysellshort:

    $DPW currently owns bitcoin AND Litecoin per its November 13th SEC filing – they mined bitcoin and litecoin into January of this year b4 stopping mining operations. A DPW launched mining operations press release could be coming based on the move in cryptos this month. .

In terms of news links for Litecoin here’s one to try:

Difference between Litecoin (LTC) and Ripple (XRP) – WazirX Blog

Ripple and Litecoin are ruling the crypto market with their sheer simplicity and security, which comes at a low cost….Irrespective of all these advantages, Litecoin is crippled by the highly volatile level of the crypto market, which invests the same as a considerably risky affair.  Ripple Technology has gained recognition around the globe by the name of XRP digital coin.