Litecoin (LTC) Closes Prior Hour Down -0.74%; Moves Down For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart, is Inching Close to 20 Day Average

The Hourly View for LTC

Last Updated October 7, 2020, 01:037 GMT

At the moment, LTC’s price is down $-0.34 (-0.74%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as LTC has now gone down 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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 is down 0.75% ($0.35) since the previous day, marking the 2nd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 109.35% from the day prior, and up 85.67% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today 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. 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 30 days Litecoin’s price has gone up 16 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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


    @l1m3ds17 @litecoin_bull @trumpnut45 @quen43 The dragons are pedophiles who are not real patriots.They claim to be Pedro hunters but they are really pedophiles who blackmail people and think they can trap them and they make money off the child porn.Our Anon friends are cracking down on them as we speak.


    @litecoin_bull @trumpnut45 @quen43 And let’s not forget dragons member ssg pain running away and then another dragons member getting exposed for pedophilia a few days after ssg pain got in a plane and ran away to Portland.Expect more dragons to be exposed for pedophilia.


    @litecoin_bull @loves_kasmir @l1m3ds17 @trumpnut45 @quen43 And in due time we will turn our attention to Jefani and h4ckerrogue because they too are connected to the dragons.We will make all of them suffer.All their secret criminal clown networks are all going down.