Litecoin (LTC) Price Near $270.64; Heads Down For the 2nd Straight Day

The Hourly View for LTC

Last Updated April 30, 2021, 23:16 GMT

At the moment, Litecoin’s price is up $1.24 (0.46%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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

Litecoin is down 1.27% ($3.28) since yesterday, marking the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 15.34% from the day before — and down 64.83% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 11 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From LitecoinForever:

    #Litecoin News This Week
    ✅ Litecoin’s founder featured on CNBC
    ✅ Rare Tom Brady card was purchased using Litecoin
    ✅ Tyler Winklevoss sends first tweet about Litecoin
    ✅ /r/litecoin hit 300k subscribers
    ✅ New ETC on Litecoin is available to trade in Germany
    $LTC 💎🙌

  • 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 MASTERBTCLTC:

    Litecoin’s upside against bitcoin & ethereum is massive, it is the best chart in crypto. I’ve been trading other cryptocurrencies & after the doge pump litecoin is in the same boat. There is no need to have a portfolio of other cryptocurrencies. #LTC🚀 #Litecoin🚀

In terms of news links for Litecoin here’s one to try:

The Litecoin of Charlie – Crypto.co

Litecoin (LTC) was created by  Charles “Charlie” Lee in 2011 as an alternative to Bitcoin….Charlie Lee is a computer scientist who created Litecoin….For Lee, litecoin was an alternative and not a competitor of bitcoin….With litecoin mining, a new block is mined every 2.5 minutes – four times faster than bitcoin….In December 2017, Lee sold all his stake in LTC (litecoin).