Litecoin (LTC) Closes Last Hour Down $-1.71; Price Base in Formation Over Past 30 Days, 3 Day Up Streak Snapped

The Hourly View for LTC

Last Updated April 9, 2021, 23:16 GMT

At the time of this writing, Litecoin’s price is down $-1.71 (-0.77%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight down hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Of note is that the 50 hour changed directions on LTC; it is now pointing down. 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

Litecoin’s 3 day positive streak has officially concluded, as the candle from yesterday closed down 7.45% ($17.66). The change in price came along side change in volume that was down 14.38% from previous day, but up 276.2% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 8 them. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Litecoin is 💥💥💥💥
    ☑️ 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
    ☑️ Oscillator
    ☑️ PayPal / Venmo
    ☑️ Litecoin ETP
    ☑️ ⚡️
    ☑️ MWEB
    ☑️ 100% uptime#ltc

  • From DaddyCool1991:

    #Litecoin averaged 1.43 transactions per second the past 24 hrs.To put that into perspective, the high during the 2017-18 #LTC bull run was 2.62The main difference is that this time around, the trxs per second is boring and normal…not at the peak of a crazy market top.

  • From MASTERBTCLTC:

    You will never be able to buy litecoin under $20,000 🔳You will never be able to buy litecoin under $2,000 🔳You will never be able to buy litecoin under $200 ✅You will never be able to buy litecoin under $20 ✅You will never be able to buy litecoin under $2 ✅#LTC