The Hourly View for LTC
Last Updated April 11, 2021, 02:047 GMT
At the time of this writing, LTC’s price is up $3.95 (1.57%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 255.96 US dollars, up 15.83% ($34.99) since the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 152.26% from the day prior, and up 108.68% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. Here 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 additional context, note that price has gone up 11 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From timriopelle:
Funny story. I set up a wallet and invested $350 CAD into litecoin right before the crash in 2017. I lost most of it. 3 years later, I converted what I had remaining to ETH and used it to mint my first piece on @SuperRare. Haven’t had to use any more of my own money in since!
- From Ernestocordo:
@PeterMcCormack Almost got it right:
– Rough divorce got me broke and lost custody
– Lost all my #Bitcoin(and #Litecoin) from 2014-15 (MtGox, hacked, etc.).
– Drive an old Vauxhall Astra (not even mine)
– Supported Arsenal only to see them going down over the years
Time for change… #Phoenix
- From NJdavee:
@litecoin $247 is major resistance. Look at the daily chart. If we can get clear thru $247 with good volume, then there is an air pocket with no resistance until ATH of $482 This weekend is big!!! Technically if LTC clears $250 it is off to the ATH This is fun to watch. Buckle up!!!!
As for a news story related to Litecoin getting some buzz:
Litecoin Q1 Report | Litecoin Foundation
Q1 has also proven itself to be a historical time for Litecoin, marked by the code-completion of the MWEB project. MWEB is a revolutionary upgrade to the Litecoin protocol (Mimblewimble via Extension Blocks) — the first of its kind, which will make Litecoin the most fungible cryptocurrency in the top 10….The underlying network and state of Litecoin has continued to demonstrate growth and strength.