The Hourly View for LTC
Last Updated March 2, 2021, 00:016 GMT
At the time of this writing, Litecoin’s price is up $2.43 (1.38%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 entered today at $165.6, down 3.74% ($6.43) from the previous day. The change in price came along side change in volume that was up 34.45% from previous day, but down 27.98% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From Al_ameen_Yabo:
Did you know that u can be a millionaire in less than a month with 400k capital if u invest in bitcoin or Litecoin? The only problem now is too much charges bcox CBN ain’t allowing direct deposits and withdrawals to/from banks.
- From ultimateviet:
I admit I have been wrong 100 times on LTC/BTC but the good thing is I kept accumulating more. Sure I’ve missed out on many pumps but I’ll eventually catch the bottom and I’ll be locked and loaded. All it takes is for me to be right once and I’m set for life. 🚀
- From HoloRogue:
I randomly look at “watchlisted” on coinmarketcap for coins i am researching. #Holochain has gone from 40k to 51k in less than 2 weeks. Why is this relevant? Well Litecoin has 289k market rank 8, Polkadot 240k rank 6 people are starting to take notice, fast.
For a longer news piece related to LTC that’s been generating discussion, check out:
Read more: What Is Litecoin And How Does It Work?…If you want to buy Litecoin or you already have some Litecoin you have to
find some safe place where you will put your Litecoin….Most common option is putting your Litecoin into a
software wallet….But, you have more options on what you can do with your Litecoin….Newest way to storing your Litecoin, is to put
your Litecoin into a hardware wallet….Litecoin use Litecoin’s Scrypt.