The Hourly View for LTC
Last Updated February 19, 2021, 23:16 GMT
At the time of this writing, Litecoin’s price is down $-1.35 (-0.56%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
226.65 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved down 4.56% ($10.84) from the day prior. The price move occurred on volume that was down 21.33% from the day prior, but up 10.28% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 10 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From rektcapital:
It has taken $LTC only two weeks to increase by $100But this still pales in comparison to what #LTC did in 2017In 2017, it took Litecoin only 5 days to rally from $96 to $420The moves we’re seeing now are only a teaser of what’s to come later on in the cycle#Litecoin
- From bbands:
Technical analysis doesn’t work on crypto?! I’ve run a completely rigorous system in $ltcusd for 3 years and a month. Today Litecoin finally got back to the level we started at. The system is long only, unleveraged, carries a large cash balance and is up 13.5% annualized. QED
- From johnkim77:
– Resist the temptation to jump on a coin that’s already pumped a bunch. – Have patience and confidence in #Litecoin as it’s getting ready for another $100 pump.- Don’t be envious of other people winning, instead congratulate and cheer for them. (It may be hard 🤣)#ŁFG!
As for a news story related to Litecoin getting some buzz:
Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021….The founder, that goes by the Twitter handle Satoshilite (a reference to bitcoin creator Satoshi Nakamoto) didn’t hold back, replaying a year later: I sold because holding LTC made it a situation where I may do something to pump the value short term….Square Inc, a financial services and payment company led by Twitter CEO Jack Dorsey, purchased $50 million of bitcoin shortly after, a decision that rewarded the company with a 10% rise….Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC The U.S. city of Miami is going full bitcoin.