The Hourly View for LTC
Last Updated February 26, 2021, 02:047 GMT
Currently, LTC’s price is up $4.06 (2.34%) from the hour prior. This is the 2nd consecutive hour LTC has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing up. 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
The back and forth price flow continues for Litecoin, which started today off at 179.3 US dollars, down 1.29% ($2.34) from the day prior. As for how volume fared, yesterday’s volume was up 21.53% from the previous day (Wednesday), and up 12.07% from Thursday of the week before. On a relative basis, the day prior was pretty good: Litecoin bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
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 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
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 AlexSaundersAU:
@SatoshiLite Well @litecoin took a large stake in a European bank in 2019. Sushi & DeFi could be integrated as the underlying protocol used by their bank. They can also integrate $LTC blockchain & lightning network…
- From johnkim77:
@lexfridman Litecoin created and released fairly w/o pre mine by @SatoshiLite MIT alum. Est 2011 the only blockchain with zero downtime 100% uptime and over $650B transacted over the network. 2021 adding MimbleWimble with extension blocks w opt in privacy, scalability, and fungible.
- From StocksDUKE:
@Crypto_man100 Let’s see… Neptune digital assets $NDA Good clean website, their social media looks well run (good sign) @NeptuneDAC , I like their $litecoin & $FTM pick however no $Dot???, $Lido, $Ada whaat🤨 that really worries me!! I would like to know how and why they missed them, (1/2)
For a longer news piece related to LTC that’s been generating discussion, check out:
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