Litecoin (LTC) Closes Prior Hour Down -0.5%; Heads Up For the 2nd Consecutive Day, Crosses 20 Day Moving Average, in a Downtrend Over Past 14 Days

The Hourly View for LTC

Last Updated April 28, 2021, 03:016 GMT

At the time of this writing, Litecoin’s price is down $-1.3 (-0.5%) from the hour prior. This is the 2nd hour in a row Litecoin has seen its price head down. 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 5.01% ($12.4) since the previous day, marking the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 23.91% from the day before — and down 56.56% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 8 them.

Overheard on Twitter

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

  • From Pentosh1:

    My #Litecoin price target is $238,855. I arrived at this price target by googling the distance between the earth and the moon and converting it from miles to dollars
    $LTC
    -Chikun Little

  • From hackerb0t:

    Are you worried ur child is texting about crypto?smh = shorting market here
    lmao = longing my ass off
    brb = bitcoin rocks bro
    lol = litecoin or link
    wtf = we trade futures
    btw = bcash the worst
    ily = I longed yesterday
    ftw = futures trading warrior
    ttyl = the trader yolo longed

  • From dealsandcoins:

    In honor of bringing back my newsletter after much thought and considerationI’m giving away $100 in Litecoin to 4 winnersNewsletter is back and focused around Real Estate, Crypto and DeFiMust follow, comment what you want to learn most and sign up at chaseletter dot com

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

Ex WWE Wrestler Kane, Now Knox County Mayor, Looking Into Bitcoin and Litecoin

As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage name Kane, is looking into Bitcoin and Litecoin to help his municipality….NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins….We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.