Litecoin (LTC) Closes Prior Hour Up 0.18%; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated October 15, 2020, 01:036 GMT

At the time of this writing, LTC’s price is up $0.09 (0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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 closed the day prior down 0.18% ($0.09); this denotes the 2nd straight day a decrease has occurred. The price move occurred on volume that was down 33.19% from the day prior, but up 7.25% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Coming into today 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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 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:

  • From CromwellStuff:

    @TIKPAQ @ROYALMRBADNEWS @litecoin_bull @Do_Or_Do_Notty @YoungJames33 @Qanon76 @simondolan @Nigel_Farage @TiceRichard @BrooklandBently @mik61scot @Helenhaynes63 @RuthDavidsonMSP @martingeddes @Mareq16 @MarcBozza Satellites cannot differentiate if not 2M apart. These fcukers are “doing” us! @MattHancock wake up sheeple soon you will find yourself wandering into the abattoir, wondering “how did I get here”?

  • From CryptoCobain:

    Ok yeah one of the top 3 spots had to go to Charlie Lee publicly selling the Litecoin top. Masterpiece.

  • From SatoshiLite:

    @monerotrader Tari’s solution is a MW sidechain, which is very similar to our MWEB solution on Litecoin. Like I said, the problem is liquidity of the coin. You can have a perfect privacy coin but without liquidity, it’s useless. So my approach is to make an already liquid coin more private.

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

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