The Hourly View for LTC
Last Updated May 12, 2021, 02:046 GMT
Currently, LTC’s price is up $3.85 (1%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 8 of the past 10 hours. Regarding the trend, note that the strongest trend 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 378.04 US dollars, up 5.15% ($18.52) since the day prior. This move happened on lower volume, as yesterday’s volume was down 45.23% from the day before — and down 35.87% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Let’s take a look at the 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. For additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From Puspal_Stark45:
@mrpowek @elonmusk Litecoin is not affordable for everyone man…as u see I am a student…so I can’t afford a lite coin…but I can afford 100 of dogecoin 🙂…so yeah as @elonmusk says it’s people’s crypto….
- From starborkgames:
@litecoin @elonmusk TBH any company accepting doge and not litecoin right now just tells me they’re riding doge for short term marketing instead of embracing actual crypto adoption. Should be easy to start taking both if they really wanted to.
- From shik_kaushik:
@JRNYcrypto Bullish on Major Alt Coins. $LINK Chainlink
$LTC Litecoin
$ADA Cardano
$DOT Polkadot Very bullish on Polkadot as it has not done anything over the past weeks, definitely going to surge up. NFA
In terms of news links for Litecoin here’s one to try:
Litecoin Named Official Cryptocurrency of the Miami Dolphins
The Miami Dolphins today announced they will host its 2021 Draft Party presented by Pepsi on Thursday, April 29 at Hard Rock Stadium….The Miami Dolphins today announced that they have signed defensive tackle John Jenkins.