The Hourly View for LTC
Last Updated June 17, 2021, 04:016 GMT
At the moment, Litecoin’s price is up $0.35 (0.2%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 5 of the past 5 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
Litecoin closed the previous day down 4.96% ($8.7); this denotes the 2nd consecutive day a decrease has occurred. The change in price came along side change in volume that was up 12.09% from previous day, but down 44.24% from the Wednesday of last week. 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
First things first: Litecoin crossed below its 20 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. For another vantage point, consider that Litecoin’s price has gone down 18 of the previous 30 trading days.
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 MASTERBTCLTC:
Friend of mine called today. He has an emergency fund that’s sitting in the bank not earning any interest. He realized he could put this into a stable coin on voyager & earn 9%+. Then from the interest buy litecoin. This way his emergency fund is available if needed. 💥💥💥💥
- From BasedDraven:
@denisaghiveci @Shibahodl1 @Lenaipink @ShibBarbie Doge js a copy coin for those who missed btc. And a literal copy of litecoin. Made as a joke by billy. He didnt even think about anything for doge as he only msde it in 2hours in 2013. Outdated and unplanned.
- From MASTERBTCLTC:
You just need 100 $LTC to be a future millionaire!#LTC🚀 #Litecoin🚀 #LitecoinTo10k