Litecoin (LTC) Closes Last Hour Down $-0.03; Doji and Pin Bar Patterns Appearing on Chart, Heads Up For the 6th Day In A Row, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated October 13, 2020, 01:036 GMT

At the moment, LTC’s price is down $-0.03 (-0.06%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin is up 0.2% ($0.1) since the previous day, marking the 6th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 43.81% from the previous day (Sunday), and up 118.47% from Monday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 17 of the previous 30 trading days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From DaddyCool1991:

    July 29, 2020 – present is the longest stretch of days #Litecoin has been over 100k daily active addresses since Dec. 2017 – March 2018.

  • From denverbitcoin:

    @MASTERBTCLTC So Litecoin market cap gonna be $600,000,000,000? A 125x move from here in 14 months?
    Gonna average a price increase of $500 per month?Math.

  • From DividendsGalt:

    @MASTERBTCLTC #Litecoin is great, I feel ya bro. But I still like diversity. 100 LTC to 1 BTC still my golden ratio for long term #HodlNow trading, you could see more gains in LTC short term, but only if you trade it right

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

Bitfinex Derivatives: EOS, Litecoin and Polkadot perpetual contracts are here

Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet a new approach to cryptocurrency wallets
By Amelia Tomasicchio
– 12 Oct 2020
Bitfinex Derivatives today announced the launch of perpetual swap contracts for EOS (EOSF0:USTF0), Litecoin (LTCF0:USTF0) and Polkadot (DOTF0:USTF0)….Paolo Ardoino, the CTO of Bitfinex Derivatives, said: “We’re delighted to announce the addition of EOS, Litecoin and Polkadot to the growing portfolio of perpetual swaps available to trade on the exchange.