Litecoin (LTC) Price Near $196.25; Moves Down For the 2nd Straight Day, But Still in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated March 16, 2021, 03:016 GMT

At the moment, Litecoin’s price is down $-1.66 (-0.84%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 closed yesterday down 6.19% ($13.26); this denotes the 2nd straight day it has gone down. As for how volume fared, yesterday’s volume was up 88.56% from the previous day (Sunday), and up 47.74% from Monday of the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. 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 up. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From johnkim77:

    In 2017 many ICO’s went ballistic in price, but in the end #Litecoin showed who is the KING of ALTS. In a Marathon, those that start strong doesn’t always win. Keeping a good pace and finishing strong is more important.8791 #cryptos wish they were 1 of 4 on paypal and venmo.

  • From johnkim77:

    In 2018, 2019, 2020 all I really wanted at the time was #Litecoin at $150. That was all I wanted and needed to go on. $LTC is $215 today and instead of being grateful most have fallen victim to the power of greed and are setting themselves up for failure. 🐖s get slaughtered

  • From TheCryptoLark:

    #litecoin will pump to new highs soon, it is well primed for a run. I took a big position around $182. In it for a good time, not a long time.

For a longer news piece related to LTC that’s been generating discussion, check out:

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