Litecoin (LTC) Price Near $249.07; 9 Day Down Streak Ended

The Hourly View for LTC

Last Updated April 27, 2021, 03:016 GMT

At the moment, Litecoin’s price is down $-0.92 (-0.37%) 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 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin Daily Price Recap

The end of a 9 day negative run has come for Litecoin, which finished the day prior up 10.55% ($23.63). The change in price came along side change in volume that was up 54.8% from previous day, but down 35.45% from the Monday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 9 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    #Litecoin
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 9+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ Segwit
    ☑️ #1 alt on ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Grayscale & Blockfi Trust
    ☑️ PayPal / Venmo
    ☑️ Litecoin ETP $LITE
    ☑️ ⚡️
    ☑️ MWEB
    ☑️ 100% uptime

  • From OKCoin:

    While $DOGE did start as a joke (so wow) in 2013, it’s now the seventh #cryptocurrency by market cap in the entire world. It shares a lot of its fundamentals with other cryptos, particularly #Litecoin. But with a couple of key differences. (3/8)

  • From MASTERBTCLTC:

    Nigeria & Venezuela are ranked 1st & 2nd in the world for the last 12 months in Google search volume interest of “Litecoin”. These people are looking for inflation protection, store of wealth and a better global currency The solution is litecoin
    #LTC🚀 #Litecoin🚀