Litecoin (LTC) Price Near $126.61; 2 Day Down Streak Ended

The Hourly View for LTC

Last Updated June 25, 2021, 23:16 GMT

Currently, Litecoin’s price is up $2.14 (1.72%) 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 20 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 entered today at $129.06, up 7.77% ($9.31) from the day prior. The change in price came along side change in volume that was down 47.05% from previous day, but up 34.52% from the Thursday of last week. 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 the day prior. The daily price chart of Litecoin below illustrates.

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 down. For another vantage point, consider that Litecoin’s price has gone down 6 of the previous 10 trading days. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 14 and 30 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From QuintenFrancois:

    Texas is becoming a hotspot for crypto mining firms, using renewable energy sources!!
    Also crypto ATM firm Coin Cloud is preparing to install machines into 29 locations in Houston. The ATMs will allow customers to buy and sell #Bitcoin $BTC, #Ether $ETH, #Litecoin $LTC.

  • From misconfig_exe:

    Oh yeah btw to my new friends and colleages who hit the follow button recently: I like to talk about #UFOs too, not just #Bitcoin and #Litecoin. Not “little green men” but “documented instances of unexplained phenomena”.
    So if that’s too much for you, don’t worry I don’t mind 🛸

  • From MASTERBTCLTC:

    I’VE NEVER SEEN $LTC PRICE SO DISCONNECTED FROM BULLISH NEWS! – Possibility of Legal Tender likely
    – Massive growth of transactions
    – Grayscale LTC arbitrage buy pressure
    – Weak hands cleared
    – Oversold
    – MimbleWimble Extension BlocksLitecoin gearing up for 🚀🌕!

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

Litecoin Completes Integration Into Wanchain’s Fully Decentralized Cross-Chain Infrastructure | Benzinga

While the Litecoin integration will help Wanchain further strengthen its position as the world’s best interoperability solution, there are many benefits to Litecoin, as well….Furthermore, by adding Litecoin to Wanchain’s ecosystem, LTC users will be able to directly access the blockchain industry’s DeFi sector, which offers countless risk-free solutions for earning money without having to risk it through trading….Basically, it is a project that aims to push blockchain adoption through interoperability by creating decentralized bridges that connect numerous blockchains across the crypto industry, all of which have unique strengths but have historically been forced to operate in isolation due to a lack of reliable solutions to connect them to other networks….Of course, Wanchain is not the only project working on blockchain interoperability.