Litecoin (LTC) Closes Last Hour Down $-0.82; 2 Day Down Streak Snapped, Price Base in Formation Over Past 90 Days

The Hourly View for LTC

Last Updated June 10, 2021, 08:017 GMT

Currently, Litecoin’s price is down $-0.82 (-0.49%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Litecoin has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 20 hour moving averages have been crossed, with price now being below them. 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

The back and forth price flow continues for Litecoin, which started today off at 172.44 US dollars, up 7.25% ($11.66) from the previous day. The change in price came along side change in volume that was down 19.83% from previous day, but up 26.53% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day averages, located at 177.09 respectively, and thus may be at a key juncture along those timeframes. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 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 down 17 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From CryptoKaleo:

    Just saw a guy with a Litecoin shirt walking down the street.Honestly the first time I’ve ever seen a crypto shirt in public where I live, so kind of cool. Especially because I’m a bag holder lmfao.

  • From JohnkimLTC:

    Wait and see what a SIMPLE MAN will be able to pull off in the future for #Bitcoin #litecoin $AMP. I just know deep in my heart that i will be a part of something that will change lives around the world.

  • From JohnkimLTC:

    We are trying to decentralize the world but i still believe in ppl with a good track record. My intuition turns into conviction when i REALLY get to know the ppl behind it. I’m with @SatoshiLite and @trspalding. 🤷🏻‍♂️ #litecoin $AMP