The Hourly View for LTC
Last Updated February 11, 2021, 02:017 GMT
At the moment, Litecoin’s price is up $1.88 (1.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved 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 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin came into today up 8.44% ($14.14) from the open of the day prior, marking the 2nd straight day it has gone up. The change in price came along side change in volume that was down 5.2% from previous day, but up 4.84% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From thorchain_org:
Liquidity pools are so effective they have taken most ETH/ERC20 trading off SQL databases and put it on-chain. Hence the 200+ Gwei gas. THORChain, and soon @Chainflip, will do the same for the other L1s. Let’s fill those Bitcoin/Litecoin/Monero/Zcash blocks up.
- From needacoin:
If you bought 1 bitcoin worth of litecoin 5 years ago at $3 and sold today at $181 you would have 0.48btc.uP iN UsD tHo
- From rektcapital:
One of best things about $LTC breaking past $170 is that as a dip happens…$170 would likely act as new higher timeframe support before spring-boarding to higher levels#Litecoin
For a longer news piece related to LTC that’s been generating discussion, check out:
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