Litecoin (LTC) Closes Prior Hour Up 0.43%; in an Uptrend Over Past 14 Days, Moves Up For the 2nd Day In A Row

The Hourly View for LTC

Last Updated April 6, 2021, 03:016 GMT

At the moment, Litecoin’s price is up $0.95 (0.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 closed the previous day up 9.44% ($19.09); this denotes the 2nd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 192.4% from the previous day (Sunday), and up 99.15% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 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 _CryptoSurf:

    Most so called “expert traders” fail to look at cycle patterns and, most importantly, don’t understand what #Litecoin really is.Anyone who supports the “LTC is dead..” or the “Charlie sold..” narrative, probably has very low IQ and EQ.$LTC will moon hard. Ignore the stupid.

  • From leveragetrading:

    If you own at least 1 #Litecoin, you are part of a less than 1% club in the world known as the #LitecoinFam. You are therefore my family. Hit LIKE if you do and are. I will follow you back. No BS…

  • From DaddyCool1991:

    I’m going to do a #Bitcoin & #Litecoin basics Zoom call for people. No presentation. Just AMA style.I already posted it on my LinkedIn. If you know someone who is interested, let me know.This Wednesday at 10:30 am EST. Zoom invite forthcoming

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

Litecoin Creator Charlie Lee Joins BTCS as New Independent Director

The company saw Q4 net income of $180.7 million, which came out to 46 cents per share….Of particular interest to dividend investors, Owl Rock’s board declared a 31-cent per common share dividend for the first quarter….The company that Fidus has invested in are valued between $10 million and $150 million….The company’s portfolio, for that quarter, brought in an adjusted net investment income of $10.7 million, or 25 cents per common share….In addition to this regular payment, Fidus also declared a special dividend of 7 cents per share, nearly double the 4-cent special payment made in the previous quarter….There was a significant loss during the year on one credit, which was crystallized in 4Q20, but there were also equity gains in 1Q20 that offset that, and in our mind, the fact that we end a year like this with minimal net losses validates FDUS’s business model.” Of Fidus’ dividend policy, maintaining a base payment with special dividends added on when possible, Kotowski writes simply, “We think a variable dividend makes a world of sense.” Like ORCC above, this is a stock with a unanimous Strong Buy consensus rating based on 3 recent positive reviews.