Litecoin (LTC) Closes Prior Hour Down -0.34%; But Still in an Uptrend Over Past 30 Days

Fibo Quantum

The Hourly View for LTC

Last Updated November 10, 2020, 02:037 GMT

At the moment, LTC’s price is down $-0.2 (-0.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 100 and 50 hour changed directions on LTC; they are 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

The back and forth price flow continues for Litecoin, which started today off at 59.24 US dollars, down 2.89% ($1.76) from the day prior. The price move occurred on volume that was up 20.57% from the day prior, but down 67.96% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 15 them.

Overheard on Twitter

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

  • From MASTERBTCLTC:

    #Litecoin  is a dominant crypto network – engineered to host the ideal safe haven asset & preserve monetary energy over long periods of time without power loss. That makes #LTC  the solution to every investor’s store of value problem. Few understand this.

  • From MASTERBTCLTC:

    400 million new users & only 66 million litecoin available today…Most of that litecoin is locked up & not available Demand is going to massively outpace supply on the next 12 months

  • From MASTERBTCLTC:

    Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal Litecoin + lightning network + PayPal
    @PayPal