The Hourly View for LTC
Last Updated April 26, 2021, 18:16 GMT
At the time of this writing, Litecoin’s price is up $0.21 (0.08%) from the hour prior. Litecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today down 0.56% ($1.27) from the open of yesterday, marking the 9th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 13.03% from the day before — and down 78.64% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 10 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
#Litecoin
☑️ 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
☑️ Grayscale & Blockfi Trust
☑️ PayPal / Venmo
☑️ Litecoin ETP $LITE
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime - From JohnkimLTC:
I can honestly say I have a different relationship with my #Litecoin. My blood sweat and tears went into acquiring and hodling it. I feel like I’ve earned every “Łite”
that I have in my possession. The success of $LTC means so much more than the usd value of it. - From MASTERBTCLTC:
Nigeria & Venezuela are ranked 1st & 2nd in the world for the last 12 months in Google search volume interest of “Litecoin”. These people are looking for inflation protection, store of wealth and a better global currency The solution is litecoin
#LTC🚀 #Litecoin🚀
As for a news story related to Litecoin getting some buzz:
The Current Status Of Litecoin In Asia » Vaultoro
Although not much is known about the current landscape, some recent developments are worth paying attention to. Asia has been a relatively problematic region for cryptocurrencies over the years….One of the local gaming stores has integrated support for four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Icon.