Litecoin (LTC) Closes Prior Hour Down -0.35%; Price Base in Formation Over Past 30 Days, Moves Up For the 8th Straight Day

The Hourly View for LTC

Last Updated April 3, 2021, 02:046 GMT

At the time of this writing, LTC’s price is down $-0.74 (-0.35%) from the hour prior. This is the 2nd consecutive hour LTC has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 up 4.44% ($9) since the previous day, marking the 8th straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 12.07% from the day prior, and up 70.13% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.


Litecoin Technical Analysis

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. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 10 days.

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:

    Here’s why you need to accumulate Litecoin.
    – MWEB (fungibility & privacy)
    – High liquidity
    – On every exchange
    – Secure & safe to use
    – Low transaction fees
    – Fast transactions
    – 100% uptime
    – Decentralized
    – Censorship resistant
    – Global adoption
    – Store of value
    $LTC 💎🙌

  • From nebraskangooner:

    I’m a simple man.I just want #Litecoin to pump to $1,000 this weekend.I’m not greedy, I’d even be happy with $900.

  • From DGB_LTC_J:

    @TheCryptoLark Litecoin has all this going for it
    1)Grayscale buying 1.5 Million Litecoin over the past 12 months
    2) PayPal offering Litecoin to its million of users
    3)MWEB confidential transactions upgrade coming soon.
    4) Historic lows vs Bitcoin with cyclical history
    Not financial advise

For a longer news piece related to LTC that’s been generating discussion, check out:

Litecoin is rebranding to “BitcoinLite”: April Fools! | Litecoin Foundation

The community was really asking for an energetic, refreshing marketing campaign after a couple of folks mentioned Litecoin was too boring, so we also thought it’d be a good idea to make Litecoin less boring by associating it with Bitcoin….To clarify, there are no intentions of claiming the throne to being “the real Bitcoin”, as a matter of fact — while Lamb0g!gaChad was at the market, he saw more people purchasing the lite version of the dairy products than the original — something he hadn’t seen when he was younger.