Litecoin (LTC) Closes Last Hour Up $1.27; Heads Down For the 2nd Consecutive Day

The Hourly View for LTC

Last Updated July 15, 2021, 01:016 GMT

At the moment, Litecoin’s price is up $1.27 (0.97%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 is down 1.42% ($1.89) since the previous day, marking the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 39.39% from the day prior, and up 71.07% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day averages, located at 135.92 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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 6 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From MASTERBTCLTC:

    This is why need to think long term with #LitecoinThink of Amazon’s stock in 2008. Smart hands held that long term, did not sell the first time it had a pullback. Same idea with #Litecoin, but $LTC is hundreds of times more important and beneficial than Amazon

  • From RPanda5:

    My son told me yday : Mamma , why don’t you buy Bitcoin?
    Me : What’s that?
    He : Don’t you know , it’s crypto currency just like Dogecoin , Litecoin. One Bitcoin is some crores in Indian currency.
    Me : ๐Ÿ˜•๐Ÿ™„โ‰๏ธ#kids

  • From LitecoinForever:

    Australians will soon be able to spend Litecoin via existing brick & mortar point-of-sales with the issuance of a new physical debit card. Australians wonโ€™t need to convert Litecoin into dirty fiat!
    $LTC ๐Ÿ’Ž๐Ÿ™Œ