LTC

The Hourly View for LTC

Last Updated April 26, 2021, 01:016 GMT

At the time of this writing, Litecoin’s price is down $-0.42 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Litecoin. Given that we see an uptrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

Litecoin came into today down 6.78% ($16.39) from the open of the previous day, marking the 8th consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 61.19% from the day before — and down 69.3% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 50 day moving averages, which may act as price barrier for the asset. 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. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 10 them.

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 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 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.

  • From MASTERBTCLTC:

    Lots of people always tell me that I’m being to risky holding 100% of my net worth in litecoin. Little do they know that they’re taking way more risk holding 100% of their wealth in fiat.#LTC🚀 #Litecoin🚀

In terms of news links for Litecoin here’s one to try:

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.

(Excerpt) Read more Here | 2021-04-24 19:48:02
Image credit: source

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