The Hourly View for LTC
Last Updated April 9, 2021, 20:16 GMT
Currently, Litecoin’s price is up $1.29 (0.58%) from the hour prior. This is the 2nd straight hour Litecoin has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. 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 7.45% ($17.66) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. The change in price came along side change in volume that was down 14.38% from previous day, but up 276.2% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 10 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Litecoin is 💥💥💥💥
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 9+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ Segwit
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Oscillator
☑️ PayPal / Venmo
☑️ Litecoin ETP
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime#ltc - From DaddyCool1991:
#Litecoin averaged 1.43 transactions per second the past 24 hrs.To put that into perspective, the high during the 2017-18 #LTC bull run was 2.62The main difference is that this time around, the trxs per second is boring and normal…not at the peak of a crazy market top.
- From MASTERBTCLTC:
You will never be able to buy litecoin under $20,000 🔳You will never be able to buy litecoin under $2,000 🔳You will never be able to buy litecoin under $200 ✅You will never be able to buy litecoin under $20 ✅You will never be able to buy litecoin under $2 ✅#LTC
