Litecoin (LTC) Closes Last Hour Up $3.09; 2 Day Down Streak Snapped, Breaks Above 20 Day Average

The Hourly View for LTC

Last Updated May 1, 2021, 02:046 GMT

At the time of this writing, LTC’s price is up $3.09 (1.14%) from the hour prior. LTC has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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

The back and forth price flow continues for Litecoin, which started today off at 271.53 US dollars, up 6.26% ($15.99) from the previous day. The change in price came along side change in volume that was up 6.01% from previous day, but down 62.78% from the Friday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th 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

First things first: Litecoin crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 11 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From LitecoinForever:

    They don’t want you to know that $USD is hyperinflating so they’ll tell you that there are shortages. It is imperative that you protect your wealth with Litecoin right now. Litecoin is a store of value. Litecoin is the money for the people.
    $LTC 💎🙌

  • From FlyingCryptos:

    If I’m going to consider the YouTube channel when I hit 1K followers, I’m going to at least make it fun. Airline captain shirt every episode, bad ass jet takeoff intro with the Litecoin logo on it. LTC cruising at 35,000ft on breakouts, No? I got to meme it out, c’mon🤣. $LTC

  • From BoilingPointLLC:

    Serious question for the people that don’t understand simple math. If you saw #litecoin sitting at $2800 or #DASH at $4k right now would you be buying it? Then why the fcuk are you buying #Cardano at $1.30?