The Hourly View for LTC
Last Updated July 23, 2021, 23:16 GMT
At the time of this writing, Litecoin’s price is up $0.46 (0.38%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend 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 came into today up 2.67% ($3.14) from the open of yesterday, marking the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 42.03% from the day before — and down 19.59% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From hex_price:
Early 2020 my bags like #ADA #EOS #Litecoin were at -50% loss.
I was scared to sell in red to buy $HEX, but I did.
In retrospect one of the best decision in my life.
- From EmmaLladro:
Litecoin is not an abandoned project. It has remained in the top 10 for a long time and is also one of the coins with highest daily volume. Its transactions costs are also below $1. On a functional level, Litecoin is a more efficient coin than Bitcoin.
- From LitecoinForever:
@BustaRhymes @jack @elonmusk @CathieDWood Litecoin is the right coin. Again here’s why you need to accumulate Litecoin
– MWEB (fungibility & privacy)
– High liquidity
– On every exchange
– Secure & safe to use
– Low TX fees
– Fast confirmations
– 100% uptime
– Global adoption
– Store of value