The Hourly View for LTC
Last Updated June 14, 2021, 05:016 GMT
At the moment, Litecoin’s price is up $0.4 (0.24%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 200 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’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 5.71% ($9.24). This move happened on lower volume, as yesterday’s volume was down 15.78% from the day before — and down 13.66% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day averages, located at 176.37 respectively, and thus may be at a key juncture along those timeframes. 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 7 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From JohnkimLTC:
I respect a billionaire investing in #bitcoin and telling the world never to sell it.I was a high school dropout with a chip on my shoulder who went ALL IN to live on #litecoin 24/7.My blue print doesn’t allow for excuses. You only need strong CONVICTION and GRIT to win.
- From babbobull:
@MASTERBTCLTC LTC and BTC are the only true currencies. I still cant believe how overlooked #litecoin is. It does everything BTC does but better. The only thing I can give BTC an edge on is adoption and a bit more security
- From GeorgeBLE17:
I have been using Litecoin for flights and hotels, but the ultimate goal is to borrow against them (take out a loan), and use Bitcoin/Litecoin to buy a house/car and not need to ever sell any of them to pay enormous tax gains #BTC #LTC
For a longer news piece related to LTC that’s been generating discussion, check out:
The Man Who Gave It All Up for Litecoin – Decrypt
John Kim: 100% committed to Litecoin….Image: John Kim “They called me a Litecoin evangelist….I believe the best way to get people into crypto is to show them an example and let them experience it for themselves,” Kim told Decrypt on a recent call from Texas, where he is weathering the coronavirus storm. He’s still homeless, has been criticized for being foolhardy and reckless, and admits that cryptocurrencies played a big part in the breakup of his marriage….Together with his wife, Kim had begun to invest in Bitcoin and Ethereum in 2017, and became increasingly drawn into the cryptocurrency world—much to the consternation of his family and friends. Kim with his son Jaedin, “Litecoin Evangelist Jr.” Image: John Kim Litecoin, in particular, attracted his attention….That’s how I was able to take 10 grand and build 15 businesses.” In Kim’s mind, going all-in on cryptocurrency presented the only opportunity to change the trajectory of not only his own life but the lives of his two sons….Whether LTC reaches triple digits or not next year, one thing is for sure, per Kim, “I know nobody is willing to go as far as I’m going to go to show the world.” Get the best of Decrypt where you want it most.