Litecoin (LTC) Closes Last Hour Down $-0.57; 2 Day Up Streak Snapped, Breaks Below 20 and 200 Day Averages

The Hourly View for LTC

Last Updated October 21, 2020, 19:15 GMT

At the time of this writing, LTC’s price is down $-0.57 (-1.07%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 3 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 $46.93, down 2.29% ($1.1) from yesterday. The change in price came along side change in volume that was up 14.08% from previous day, but down 20.31% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

First things first: Litecoin crossed below its 20 and 200 day moving averages yesterday. 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 14 days Litecoin’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From ScottyD97155633:

    @ROYALMRBADNEWS @MishelleO1974 @TJque1 @litecoin_bull @ccunningham821 @Michele17934584 @RealJamesWoods @realDonaldTrump @POTUS 3 – That being said…for some reason in the last 2-3 years he has changed. He has backtracked on many topics. He has argued agaisnt Trump many times. Something is wrong. He is not the same Alex Jones. Either he is controlled now or he is playing some role maybe even for POTUS.

  • From nsquaredcrypto:

    5/ As networks go, it’s better to have relatively few slow cars that can travel on roads to many many places, rather than lots of fast cars that can only travel to say, 3 or 4 cities. That’s why #bitcoin has fared better than say, litecoin or bch.

  • From DaddyCool1991:

    I hardly ever swear, but PayPal just helped #Litecoin give all the doubters a big, fat f*uck you.May delete this tweet later (or pin it, not sure yet).