Litecoin (LTC) Closes Prior Hour Down -0.36%; in a Downtrend Over Past 14 Days, Moves Down For the 2nd Consecutive Day, is Inching Close to 200 Day Average

The Hourly View for LTC

Last Updated May 29, 2021, 02:045 GMT

At the time of this writing, LTC’s price is down $-0.67 (-0.36%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC 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 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 came into today down 8.54% ($16.57) from the open of the day prior, marking the 2nd consecutive day a decline has happened. The price move occurred on volume that was up 19.4% from the day prior, but down 36.24% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 200 day averages, located at 177.27 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From lite_hause:

    If anyone is interested in contributing to Litecoin (content creator, writer, video, podcasting), Iโ€™d encourage you to please do so. The community and myself will greatly support you and try to push you up by resharing your content. If youโ€™re not sure what to do, shoot me a DM

  • From LitecoinForever:

    Last year JPMorgan Chase collected
    $1.5 billion in overdraft fees from consumers. Litecoin doesnโ€™t have overdraft fees. Dump the banks, protect your wealth, accumulate Litecoin.
    $LTC ๐Ÿ’Ž๐Ÿ™Œ

  • From LitecoinForever:

    Sheetz, a major restaurant & convenience chain in the United States today announced it will be enabling Litecoin payments. ๐Ÿš€
    $LTC ๐Ÿ’Ž๐Ÿ™Œ

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

Listed Canadian Firm Hello Pal Buys Dogecoin, Litecoin Mining Startup for $3.5M

Related: DocuSign to Acquire ‘Smart Agreement’ Firm Clause As a result, Hello Pal owns a 51% stake in the miner, and will soon offer users the ability to own all or fractions of its cryptocurrency mining rigs and receive the crypto assets mined….Image source Bitcoin Games Various games allow you to receive cryptocurrency for free….As you can see, today there are still simple ways to get cryptocurrency without investment, including free bitcoins….And we are glad to offer you the most pleasant way to get free bitcoin – play games, earn satoshi and exchange them for cryptocurrency….Hello Pal International Inc (HP) shares jumped 10% on Thursday after the company announced it had acquired a majority interest in startup Crypto Pal Technology, creating the first listed company focused on mining Dogecoin….Analysts have also warned in recent weeks about decreasing rollover rates of treasury debt auctions.Read more: Argentina Inflation Rose Faster Than Expected Again in April The central bank official said banks could use up to 800 billion pesos ($8.5 billion dollars) — equivalent to 32% of the monetary base — of the reserve requirements that they have invested today in Leliq, central bank notes, to buy Treasury securities.