The Hourly View for LTC
Last Updated April 7, 2021, 04:016 GMT
Currently, Litecoin’s price is down $-2.63 (-1.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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 closed the day prior up 7.01% ($15.52); this denotes the 3rd straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 86.05% from the day prior, and up 346.31% 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 day prior. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 21 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From lite_hause:
Litecoin’s on 🔥🔥
🐓 2 million mined blocks with zero network down time ⛏
🐓 MWEB is code complete
🐓 Accepted at millions of business’ via @PayPal 💸
🐓 Accepted anywhere Visa is online @paywithmoon 🌖
🐓 Grayscale now owns approx. 1.8% of all LTC’s.
🐓 Litecoin ETP launched!
- From alangaustin:
Litecoin is well positioned to become a global leader in payments. We are still very early, with a market cap of approx $16B. Think anything close to large scale adoption and you tell me where this is going.#PayWithLitecoin
- From JohnkimLTC:
Stellar network $XLM is down for hour(S)…#Litecoin HAS NEVER EVER EVER EVER BEEN DOWN SINCE ITS INCEPTION IN 2011. but you don’t hear me tho, with your centralized loving ears…
For a longer news piece related to LTC that’s been generating discussion, check out:
Litecoin, the world’s ninth-largest cryptocurrency by market cap, will soon see an institutional listing in the form of an exchange-traded product (ETP) in Switzerland, as per a press release by crypto investment firm CoinShares today….The firm’s investment products provide exposure to Bitcoin (BTC) and Ethereum (ETH), and a Litecoin (LTC) product would now be available to eligible institutional and individual investors throughout Europe….Called the ‘CoinShares Physical Litecoin,’ the product is one of the first-ever Litecoin-based investment products to be launched on a regulated exchange in Europe….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.