The Hourly View for LTC

Last Updated June 9, 2021, 09:016 GMT

At the moment, Litecoin’s price is up $0.39 (0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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 0.76% ($1.23) from the open of yesterday, marking the 2nd day in a row it has gone down. As for how volume fared, yesterday’s volume was up 50.04% from the previous day (Monday), and up 16.94% from Tuesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to yesterday. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them. 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:

    We are trying to decentralize the world but i still believe in ppl with a good track record. My intuition turns into conviction when i REALLY get to know the ppl behind it. I’m with @SatoshiLite and @trspalding. 🤷🏻‍♂️ #litecoin $AMP

  • From LitecoinForever:

    Why are there so many Twitter accounts dedicated to spreading FUD about Litecoin? This is a signal that they want YOU to sell so they can accumulate YOUR LTC. They know how valuable Litecoin is so they spread misinformation. Watch what they do, not what they say. 🤔
    $LTC 💎🙌

  • From THORChain:

    THORStarter will enable users to contribute seamlessly via @xdefi_wallet to new IDOs with *any* asset. Such as Bitcoin, Litecoin and more. The asset is first swapped to XRUNE, then this XRUNE is contributed to the project’s liquidity. This means THORChain benefits

(Excerpt) Read more Here | 2021-06-08 19:48:31
Image credit: source


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