Litecoin (LTC) Closes Prior Hour Up 0.77%; Price Base in Formation Over Past 30 Days, Moves Up For the 5th Day In A Row, Eyes 20 and 50 Day Averages

The Hourly View for LTC

Last Updated April 1, 2021, 00:017 GMT

Currently, Litecoin’s price is up $1.51 (0.77%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 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 is up 1.07% ($2.07) since the day prior, marking the 5th day in a row an upward move has occurred. The change in price came along side change in volume that was down 16.98% from previous day, but up 14.33% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 9 out of the past 14 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:

    It’s ridiculous if you believe Litecoin is dead. $LTC with 100% uptime has been running for 9+ years without error. $LTC had over $13 Trillion in trade volume for the last 30 days. $LTC is being accumulated by institutions & is on PayPal.Litecoin is so bullish. 🚀
    $LTC 💎🙌

  • From Crypto__Warrior:

    Or this: $DGB transactions are confirmed in approx. 15 seconds, which is 40 times faster than #Bitcoin and 10 times faster than #Litecoin. SegWit enables up to 1066 on-chain transactions per second and negligible fees make #DigiByte the ideal currency for daily payments.

  • From Mattsolid87:

    No pain no gain
    #Litecoin hodlers watch every other coin pump around them and wonder when it’s their turn. One thing I’ve learned since the 2017 run, LTC is not a follower. It’s a leader. It only wants people who believe in it to gain the reward in the end. Transactions don’t lie

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

News: vanishing NFTs, Free Keene not so free, Coinbase wash-trading Litecoin – Attack of the 50 Foot Blockchain

Attack of the 50 Foot Blockchain Blockchain and cryptocurrency news and analysis by David Gerard I’m an “is it art?” maximalist….[press release] New Bitcoin use case found!…— Adam Singer (@AdamSinger) March 29, 2021   The Advertising Standards Authority (UK) has finally acted against an ad for Bitcoin — in this case, a Coinfloor ad running in local papers, featuring a woman buying bitcoins with a third of her pension….[Coingeek] I don’t yet know of anyone busted for money-laundering through NFTs, but it’s the obvious use case for objects of purely subjective value being traded in an art market at the speed of crypto….[Crypto News] I was interviewed on NTD about NFTs: Expert Warns About NFT Digital Crypto Art….[YouTube] I talked about celebrity crypto scams on NTD — the Elon Musk scams on Twitter, and the Instagram influencer who conned his followers out of bitcoins.