Litecoin (LTC) Closes Last Hour Down $-0.03; Heads Down For the 4th Straight Day

The Hourly View for LTC

Last Updated July 16, 2021, 20:16 GMT

At the time of this writing, Litecoin’s price is down $-0.03 (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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 closed the day prior down 3.99% ($5.23); this denotes the 4th straight day a decrease has occurred. The change in price came along side change in volume that was up 3.02% from previous day, but down 22.04% from the Thursday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From Cryptojedi14:

    1/ I’ve been in crypto since 2013. I’ve seen it all pretty much. Mt. Gox, Litecoin gear, fake asic miner companies, I have 9 antminer’s S3 (go and check the release date). I remember Digibyte when came out in Bitcoin talk. I laughed at it for some reason the name sounded funny

  • From JohnkimLTC:

    To all who are not in #bitcoin #litecoin $amp, your net worth will be -50% by the time this RAPID INFLATION is done. Your numbers won’t change but your purchasing power will. When it’s all said and done, you got robbed without being…ROBBED.

  • From King_AxiS:

    We should be getting a preview, or even final versions, of the following for @LitecoinGaming today:-Team intro by @PlasmaDesigns
    -Stream package by @its_kt26
    -Litecoin Gaming WebsiteI’m extremely hyped, and I may even post a screenshot from the intro for you guys to see! 👀