Litecoin (LTC) 3 Day Up Streak Broken, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days

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Litecoin Price Recap

The end of a 3 day positive run has come for Litecoin, which finished the previous day down 5.3%. The price move occurred on stronger volume; specifically, yesterday’s volume was up 16.36% from the day prior, and up 33.02% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of day-over-day price change. Here is a price chart of Litecoin.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From CryptoCharles__:

    Are you worried ur child is texting about crypto?smh = shorting market here
    lmao = longing my ass off
    brb = bitcoin rocks bro
    lol = litecoin or link
    wtf = we trade futures
    btw = bcash the worst
    ily = I longed yesterday
    ftw = futures trading warrior
    ttyl = the trader yolo longed

  • From SydneyIfergan:

    It’s off course strange to see #CharlieLee who runs a #cryptocurrency to not believe in #DeFi; probably, he is trying to be transparent on weighing out on the pros and cons.@SatoshiLite @litecoin

  • From cryptobuzznews:

    Are you worried your kid is texting about crypto?ily = I longed yesterday
    ftw = futures trading warrior
    ttyl = the trader yolo longed
    smh = shorting market here
    lmao = longing my ass off
    brb = bitcoin rocks bro
    lol = litecoin or link
    wtf = we trade futures
    btw = bcash the worst

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

Litecoin Prints Array of Buying Signals, and That’s Massively Bullish for Crypto | NewsBTC

-Bitcoin news, price, information & analysis Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors….NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins.





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