The Hourly View for LTC
Last Updated May 28, 2021, 02:045 GMT
At the time of this writing, LTC’s price is up $1.25 (0.65%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up 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
193.97 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 2.61% ($5.2) from the previous day. This move happened on lower volume, as yesterday’s volume was down 9.7% from the day before — and down 65.84% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From rektcapital:
$LTC needs to Monthly Close above $202 to preserve a decent amount of the bullish momentum it had lost during the crash#LTC is now at $201 and maintaining the highs well with only a few days left until the decisive Monthly Close #Litecoin
- From l3l2ucelee:
$LTC has been having so much going for it for a while… the community is thick & involved. You don’t have an Exchange if you don’t support Litecoin. I feel like it is primed to explode. And if you wanna troll, there is always room in the fud folder.
- From JohnkimLTC:
FYI:I did not get lucky. I have a special relationship with #Litecoin that involves sweat, tears, blood, and a broken heart.Without it, I would have never been able to retire and live my best life now. Thx @SatoshiLite for all you have done!
As for a news story related to Litecoin getting some buzz:
2 cryptocurrencies to buy in June: Litecoin and IOTA | Invezz
Read more about our fact-checking process > Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research….Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose….If you can buy IOTA at or below $1.10 it could be a good long-term investment.