Litecoin (LTC) Closes Last Hour Down $-0.18; in an Uptrend Over Past 90 Days, Breaks Below 20 Day Average, Moves Down For the 2nd Straight Day

The Hourly View for LTC

Last Updated February 25, 2021, 00:017 GMT

At the moment, Litecoin’s price is down $-0.18 (-0.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. 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 closed the day prior down 14.64% ($30.46); this denotes the 2nd straight day a decline has happened. As for how volume fared, yesterday’s volume was up 16.09% from the previous day (Tuesday), and up 96.62% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

First things first: Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them.

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 YinkaPost:

    For Newbies, coins that you can still buy and make cool gains once the dips are over:
    $DOT – Pokadot
    $OCEAN
    $Cake & $BAke
    $SFP – Safepal
    $BNB – Binance Coin
    $LINK – ChainLink
    $LTC – Litecoin
    $UNI – UniswapNB: THIS IS NOT A FINANCIAL ADVICE. DYOR.
    $DOGE is still a shit coin.

  • From AriDavidPaul:

    In 2016-2017, there was a lot of discussion of interoperability. Projects like Polkadot and Cosmos ICO’ed. We had atomic swaps demonstrated live on decred, litecoin, and bitcoin. Lots of debate over where value would accrue once assets could be seamlessly moved across chains /1

  • From JRNYcrypto:

    I just spent more money on Litecoin in one day than I’ve spent on every car I’ve owned combined in the last 14 years 😁

As for a news story related to Litecoin getting some buzz:

Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15 | CryptoSlate

The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project….Every Litecoin has a sequence of history transactions unique to that Litecoin….CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice.