The Hourly View for LTC
Last Updated April 26, 2021, 08:016 GMT
Currently, Litecoin’s price is down $-2.15 (-0.89%) from the hour prior. This is the 2nd straight hour Litecoin has seen its price head down. 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
Litecoin is down 0.56% ($1.27) since yesterday, marking the 9th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 13.03% from the day before — and down 78.64% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone down 10 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From JohnkimLTC:
I can honestly say I have a different relationship with my #Litecoin. My blood sweat and tears went into acquiring and hodling it. I feel like I’ve earned every “Łite”
that I have in my possession. The success of $LTC means so much more than the usd value of it. - From MASTERBTCLTC:
Satoshi is a risk for bitcoin. Litecoin doesn’t have this risk. Charlie lee sold his litecoin below the current price of litecoin today. Charlie lee continues to work on litecoin because he loves the project & wants to see litecoin become a global currency. Its his baby.
- From sethforprivacy:
6/ Thinking that coins that I could have “a lot” of would be more valuable long term.This pulled me into clear scams like TRON along with zombie chains like Litecoin. Once you realize that Bitcoin etc. are divisible it helps get past the “I need 1mil coins!” phase.
For a longer news piece related to LTC that’s been generating discussion, check out:
The Current Status Of Litecoin In Asia » Vaultoro
Although not much is known about the current landscape, some recent developments are worth paying attention to. Asia has been a relatively problematic region for cryptocurrencies over the years….One of the local gaming stores has integrated support for four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Icon.