The Hourly View for LTC
Last Updated February 24, 2021, 00:017 GMT
At the time of this writing, Litecoin’s price is down $-5.09 (-2.87%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. 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
208.04 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 8.55% ($19.46) from yesterday. As for how volume fared, yesterday’s volume was up 107.48% from the previous day (Monday), and up 12.69% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 9 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From NorthstarCharts:
1/2 #Litecoin chart correction. Think I managed to confuse a few of you. Just checking you’re paying attention lol. I meant to refer to the 20 Week moving average, not 20 day. I’ve also marked a possible new bearish rising channel. If valid…
- From LitecoinForever:
The months following Bitcoin’s creation, not many people knew about it & a significant amount of Bitcoins were mined within that time without much competition. Litecoin on the other hand was a fair launch since day one & the launch date was announced in advance.
- From johnkim77:
I had some $UNI left in my trading bag. It is at the price i bought at with $bnb profits. I naturally sold and bought more #LitecoinGaining back what I spend daily on expenses is my Strategy.
For a longer news piece related to LTC that’s been generating discussion, check out:
The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project….Every Litecoin has a sequence of history transactions unique to that Litecoin….CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice.