The Hourly View for LTC
Last Updated March 13, 2021, 02:058 GMT
At the time of this writing, LTC’s price is up $1.24 (0.58%) 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 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin came into today up 9.58% ($19.3) from the open of the day prior, marking the 2nd day in a row it has gone up. As for how volume fared, yesterday’s volume was up 111.33% from the previous day (Thursday), and up 111.84% from Friday of the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Below is a 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. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From Pentosh1:
#litecoin has acted as an oscillator to $BTC since birth and it looks like it still is. Yes you will need patience, but when this goes it’s going to absolutely fly. This is a beautiful swing trade setting up for those that have an ounce of patience
- From RealPoseidonLuu:
#ŁTC historically starts the real ALT season…. FUCK BNB! LTC is coming for its spot. While everything else already had a major pump, Litecoin just finished wiping its ass from taking a shit during the race. Back in the game now
- From BitcoinDood:
#Litecoin just tearing it up! It seems to keep moving opposite BTC the last couple days. $BTC down $LTC starts up. Very interesting trend! Costed me a short sell I let get away from me last night. I sell #litecoin so you don’t have to. Thank me later 🤣🍻
As for a news story related to Litecoin getting some buzz:
Litecoin price is breaking out to new yearly highs
Litecoin has been trading in an uptrend for the past two weeks and has finally broken out of a key pattern on the 4-hour chart….Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.