The Hourly View for LTC
Last Updated March 23, 2021, 00:017 GMT
At the time of this writing, Litecoin’s price is up $1.75 (0.94%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
195.52 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 2.28% ($4.56) from the previous day. The change in price came along side change in volume that was up 8.65% from previous day, but down 29.29% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
First things first: Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 17 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From LitecoinForever:
@stoicrypto Yes it is. Looking at the LTC/BTC chart is like watching at a locomotive train barreling towards you at top speed. If people can’t see how obvious it is that Litecoin is about to go parabolic there is no hope for them.Litecoin is going to the moon.
- From jmorse_:
“On some days, Employee A’s wash trades in the Litecoin/Bitcoin trading pair between accounts he owned and controlled, made up a substantial percentage of the trading volume in the contract, ranging from as little as 0.62% to as much as 99.0% of the daily trading volume.”
- From jmorse_:
“[Former] Coinbase employee used a manipulative or deceptive device by intentionally placing buy and sell orders in the Litecoin/Bitcoin trading pair on GDAX that matched each other as wash trades. This created the misleading appearance of liquidity and trading interest in [LTC]”