Litecoin (LTC) Closes Prior Hour Up 1.11%; Price Base in Formation Over Past 14 Days, Moves Up For the 7th Straight Day

The Hourly View for LTC

Last Updated April 2, 2021, 02:058 GMT

At the time of this writing, LTC’s price is up $2.27 (1.11%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin is up 2.98% ($5.86) since the day prior, marking the 7th straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 19.32% from the day prior, and up 14.82% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 and 50 day averages, located at 195.22 and 197 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From ultimateviet:

    Man if I wasn’t already all-in LTC I would definitely sell everything I own to buy it. Just a few months ago LTC/BTC was .005. When it returns to that level that puts us at $300. This will only increase as BTC pumps and a conservative target short-term is .01. 🚀
    #Litecoin

  • From MukunBTC:

    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 PayPalLitecoin is so bullish🚀
    @LitecoinForever

  • From yorkerhodes:

    Finally see the light at the end of the #blockchain tunnelI guess you could say I’m now a #Bitcoin maxiJoining the Litecoin Foundation as an advisor today, April 1stExclusive interview on Tone & Jimmy’s showDM open for interviews on story of my journey