LTC

The Hourly View for LTC

Last Updated March 18, 2021, 04:016 GMT

Currently, Litecoin’s price is up $0.4 (0.2%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 came into today up 2.18% ($4.39) from the open of the previous day, marking the 2nd straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 21.67% from the day before — and down 41.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd 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

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From MASTERBTCLTC:

    Litecoin is now one of the most recognized, trusted, and used blockchain-based payment networks in the world, and many now agree that Litecoin is a complement to Bitcoin, not a competitor: Litecoin is the silver to Bitcoin’s gold.

  • From MASTERBTCLTC:

    1. Fiat is dead, your fiat money is being devalued. 2. Litecoin is better money that is alive, it has a fixed supply that can’t be devalued.3. Litecoin is 1000x better than fiat. 4. Litecoin will transform the world like the internet has done.

  • From JEhrenhofer:

    I’m waiting for every exchange to delist Litecoin after they add MimbleWimble. It’ll be a “privacy coin”, so scary! Suddenly compliance teams will finally bother to handle some basic risks inherent to bearer assets instead of lazily relying entirely on a single tracing tool.

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

Litecoin Completes MimbleWimble Code for LTC Scaling and Privacy – BeInCrypto

The Litecoin Foundation has completed the code for its MimbleWimble Extension Block (MWEB) which will enhance scaling and privacy for the cryptocurrency….Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!…Want to learn how to trade?

(Excerpt) Read more Here | 2021-03-17 20:13:45
Image credit: source

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