Litecoin (LTC) Closes Last Hour Up $0.10; Makes Big Move Relative to Two Week Trend, 2 Day Down Streak Ended

The Hourly View for LTC

Last Updated October 8, 2020, 15:15 GMT

At the time of this writing, LTC’s price is up $0.1 (0.21%) 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. 0 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 entered today at $46.61, up 1.3% ($0.6) from yesterday. This move happened on lower volume, as yesterday’s volume was down 47.56% from the day before — and down 5.39% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, the current price of Litecoin is sitting close to its 20 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 9 them.

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 GeorgeBLE17:

    Perhaps there are haters in this space of being jealous of #Litecoin’s success due to the fact it has been performing flawlessly and been around alongside big brother #Bitcoin more than these so called laughable influencers have even heard of crypto

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

Litecoin Launches MimbleWimble Testnet Advancing Scaling and Privacy

Litecoin’s scaling and privacy protocol, MimbleWimble, has recently been launched to testnet as the team moves closer to their ambition of creating a scalable but private blockchain….That has changed with the recent launch of the MimbleWimble (MW) testnet.