The Hourly View for LTC
Last Updated March 12, 2021, 02:016 GMT
At the moment, Litecoin’s price is down $-1.03 (-0.5%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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’s 4 day positive streak has officially concluded, as the candle from the previous day closed down 1.8% ($3.67). The price move occurred on stronger volume; specifically, yesterday’s volume was up 19.76% from the day prior, and up 4.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 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. For additional context, note that price has gone up 8 out of the past 14 days.
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 johnkim77:
I’ve spent 4 yrs of my life giving all my attn to #Litecoin #bitcoin #crypto. I’m over 40 now, and my parents don’t have much time left to enjoy life as they should. It’s time to share the fruits of my labor & have less regrets when they pass away. It’s a G thang homie!
- From LitecoinForever:
Litecoin is due for great gains because Litecoin is the money for the people. The exchanges heavily manipulate $LTC’s price. So what prices you see on the exchanges are just an illusion. Better metrics of Litecoin’s growth are the on chain TX count & new address creation.
- From masterltcbtcbot:
The current LTCBTC ratio is 0.00356029Litecoin is an oscillator to bitcoin & next peak cycle we expect the LTCBTC ratio to peak around .025At today’s bitcoin price we expect litecoin’s price to be: $557 at .010
$835 at .015
$1114 at .020
$1393 at .025$3483 at .0625 max
For a longer news piece related to LTC that’s been generating discussion, check out:
Litecoin’s MimbleWimble Code To Be Ready by March 15th – Bitcoin Crypto Currency
Briefly: The code to Litecoin’s potential MimbleWimble (MWEB) upgrade will probably be full on the fifteenth of March….Copyright © 2020 Block Chain USA.All Rights Reserved.