The Hourly View for LTC
Last Updated June 26, 2021, 02:046 GMT
At the moment, LTC’s price is down $-0.87 (-0.69%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 100 hour changed directions on LTC; it is now pointing up. 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 entered today at $125.2, down 6.92% ($9.31) from the day prior. The change in price came along side change in volume that was up 5.41% from previous day, but down 13.9% from the Friday of last week. On a relative basis, the day prior was pretty good: Litecoin bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 18 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From JohnkimLTC:
I’ve achieved many great things for #litecoin in the past 4 yrs. Some are known and many were behind the scenes. The difference between me and others is the fact that i did it on my own dime, time, and w/my balls on the line. I’m in @amptoken with the same mindset but more
- From QuintenFrancois:
Texas is becoming a hotspot for crypto mining firms, using renewable energy sources!!
Also crypto ATM firm Coin Cloud is preparing to install machines into 29 locations in Houston. The ATMs will allow customers to buy and sell #Bitcoin $BTC, #Ether $ETH, #Litecoin $LTC.
- From MASTERBTCLTC:
I’VE NEVER SEEN $LTC PRICE SO DISCONNECTED FROM BULLISH NEWS! – Possibility of Legal Tender likely
– Massive growth of transactions
– Grayscale LTC arbitrage buy pressure
– Weak hands cleared
– MimbleWimble Extension BlocksLitecoin gearing up for 🚀🌕!
For a longer news piece related to LTC that’s been generating discussion, check out:
Litecoin Completes Integration Into Wanchain’s Fully Decentralized Cross-Chain Infrastructure | Benzinga
While the Litecoin integration will help Wanchain further strengthen its position as the world’s best interoperability solution, there are many benefits to Litecoin, as well….Furthermore, by adding Litecoin to Wanchain’s ecosystem, LTC users will be able to directly access the blockchain industry’s DeFi sector, which offers countless risk-free solutions for earning money without having to risk it through trading….Basically, it is a project that aims to push blockchain adoption through interoperability by creating decentralized bridges that connect numerous blockchains across the crypto industry, all of which have unique strengths but have historically been forced to operate in isolation due to a lack of reliable solutions to connect them to other networks….Of course, Wanchain is not the only project working on blockchain interoperability.