The Hourly View for LTC
Last Updated June 16, 2021, 02:048 GMT
At the time of this writing, LTC’s price is down $-0.98 (-0.56%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin entered today at $175.24, down 2.63% ($4.73) from the previous day. This move happened on lower volume, as yesterday’s volume was down 30.53% from the day before — and down 60.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From JohnkimLTC:
Everything i do and support in the #crypto space is to make #litecoin more relevant and useful. I already see things playing out in my mind. Flexa will make litecoin spendable at every major retail and on line stores. Few.
- From MikeMcDonald89:
Tell us what Jupiter’s 4th moon is doing and its ramifications for litecoin and we’ll entertain it indefinitely. But if your EVER shill a chain that we aren’t invested in then you’re dead to us.
- From hackerb0t:
Litecoin’s mining keeps transaction fees relatively low due to the inherently higher total supply. There can only be 21 million Bitcoins in existence, whereas there can be up to 84 million Litecoins. This matters because it makes mining less competitive.