Litecoin (LTC) Price Near $222.81; 3 Day Up Streak Snapped, Price Base in Formation Over Past 30 Days

The Hourly View for LTC

Last Updated April 8, 2021, 04:016 GMT

At the time of this writing, Litecoin’s price is up $1.63 (0.74%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning 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

The end of a 3 day positive run has come for Litecoin, which finished the previous day 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 Wednesday 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 the previous day. 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. 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 another vantage point, consider that Litecoin’s price has gone up 8 of the previous 10 trading days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 90 day charts, may be slowing down and ready to reverse.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Listen. I don’t think any of us realize what litecoin can do against bitcoin. It literally can 5x whatever bitcoin does. If bitcoin 2x from here litecoin can 10x. If bitcoin 6x from here litecoin can 30x. If bitcoin 10x litecoin can 50x.

  • 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 jasonpizzino:

    I forget that there’s 10,000’s of NEW investors watching my videos…When I “bash” a #cryptocurrency’s chart, don’t take it personally. I’m just reading you a story book that the market is trying to tell you but you don’t yet speak it’s language. #litecoin

For a longer news piece related to LTC that’s been generating discussion, check out:

Litecoin Climbs 10% As Investors Gain Confidence By Investing.com

Litecoin had traded in a range of $231.001 to $242.658 in the previous twenty-four hours….It has traded in a range of $192.3714 to $244.5082 in the past 7 days.