The Hourly View for LTC
Last Updated April 9, 2021, 13:16 GMT
At the moment, Litecoin’s price is up $0.6 (0.27%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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
The end of a 3 day positive run has come for Litecoin, which finished the previous day down 7.45% ($17.66). The price move occurred on volume that was down 14.38% from the day prior, but up 276.2% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 20 out of the past 30 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