Litecoin (LTC) Price Near $164.90; Price Base in Formation Over Past 90 Days, in a Downtrend Over Past 30 Days

The Hourly View for LTC

Last Updated June 11, 2021, 20:16 GMT

At the moment, Litecoin’s price is up $0.61 (0.37%) from the hour prior. Litecoin has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above 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

168.03 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 2.56% ($4.41) from yesterday. This move happened on lower volume, as yesterday’s volume was down 30.75% from the day before — and down 19.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 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 down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From CryptoKaleo:

    Just saw a guy with a Litecoin shirt walking down the street.Honestly the first time I’ve ever seen a crypto shirt in public where I live, so kind of cool. Especially because I’m a bag holder lmfao.

  • From JohnkimLTC:

    Wait and see what a SIMPLE MAN will be able to pull off in the future for #Bitcoin #litecoin $AMP. I just know deep in my heart that i will be a part of something that will change lives around the world.

  • From JohnkimLTC:

    We are trying to decentralize the world but i still believe in ppl with a good track record. My intuition turns into conviction when i REALLY get to know the ppl behind it. I’m with @SatoshiLite and @trspalding. 🤷🏻‍♂️ #litecoin $AMP