The Hourly View for LTC
Last Updated May 16, 2021, 02:046 GMT
Currently, LTC’s price is down $-2.07 (-0.66%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
299.79 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 8.19% ($26.75) from the previous day. As for how volume fared, yesterday’s volume was up 2.22% from the previous day (Friday), and up 0.19% from Saturday of 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them. 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 90 and 30 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From LinkBlueChip:
How I am retiring this bull run NFA1. Purchase 100 + Litecoins
2. Sell at end of cycle, blow off top between 3k and 6k
3. Sell most of Litecoin for USDC ($500k)
4. Deposit USDC on celcius
5. Earn 10% APY on USDC
6. Convert rewards weekly to Litecoin
7. Pay with LitecoinEnd - From MASTERBTCLTC:
Litecoin is coming to all Venmo users soon. It will be the lowest priced cryptocurrency on the app. 70M users will have litecoin at their finger tips. Imagine if each person bought 1 LTC….Few.
😉 - From travpreneur:
i want to uplift my normie friends into crypto, but when i see them hyped about dogecoin, cardano, safemoon, litecoin, and the likes, i’m saddened. it’s like i want to help, and “your money is your money” and all that, but oh, you’re already nine feet deep in the horseshit. 🥺