The Hourly View for LTC
Last Updated April 19, 2021, 09:016 GMT
At the time of this writing, Litecoin’s price is down $-2.09 (-0.78%) from the hour prior. Litecoin has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 closed the day prior down 9.04% ($27.22); this denotes the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.02% from the day prior, and up 211.89% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From LitecoinForever:
Again here’s why you need to accumulate Litecoin
– MWEB (fungibility & privacy)
– High liquidity
– On every exchange
– Secure & safe to use
– Low transaction fees
– Fast transactions
– 100% uptime
– Decentralized
– Censorship resistant
– Global adoption
– Store of value
$LTC 💎🙌 - From FlyingCryptos:
Another thing I promise to upkeep always, even when this page gets big. Whenever someone tags me in their own good analysis or successful trade. I will respond. Unlike these high-follower accounts that ignore people winning (me) and others. It’s sad. No community. $LTC #litecoin
- From _prestwich:
@nic__carter Okay, followup. I think the relationship isn’t reciprocal, as I can’t find the merge-mining code in litecoin’s codebase. Which means that we ought to expect LTC miners that _aren’t_ already merge mining to do one of:
a) start merge mining
b) switch to doge
c) bleed cash