Litecoin (LTC) Closes Last Hour Down $-0.38; Moves Up For the 2nd Consecutive Day

The Hourly View for LTC

Last Updated May 3, 2021, 02:016 GMT

At the time of this writing, Litecoin’s price is down $-0.38 (-0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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 came into today up 1.99% ($5.39) from the open of the previous day, marking the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 19.59% from the day before — and down 22.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up 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

Behold! Here are the top tweets related to Litecoin:

  • From leveragetrading:

    People ask how can #Litecoin go to $5000+ when it can’t even print an ATH? They don’t understand that the last leg up which is parabolic will be so sudden and so brutal and so violent that almost everyone is left behind except those with 💎🙌 of course. Learn from #DogecoinRise🚀

  • From FlyingCryptos:

    For every retweet this gets, another person will hear the calls to buy #Litecoin before we close another green weekly candle. May is going to be hot. $LTC

  • From LitecoinForever:

    Taproot activation has started on #Bitcoin. Taproot’s goal is to change the way Bitcoin’s scripts operate to improve privacy, scalability, and security. Litecoin has the ability to activate Taproot too! #MWEB & #Taproot on the Litecoin Network.
    $LTC 💎🙌