The Hourly View for LTC
Last Updated April 26, 2021, 07:016 GMT
Currently, Litecoin’s price is down $-1.87 (-0.77%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 closed the previous day down 0.56% ($1.27); this denotes 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. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 50 day averages, located at 220.82 respectively, and thus may be at a key juncture along those timeframes. 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 additional context, note that price has gone up 16 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about 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 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🚀
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.