The Hourly View for LTC
Last Updated April 13, 2021, 03:016 GMT
Currently, Litecoin’s price is up $0.13 (0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 50 hour changed directions on LTC; it is now pointing up. 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 the previous day down 3.05% ($7.69); this denotes the 2nd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 15.9% from the day before — and down 14.87% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. 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 5 of the previous 10 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 MASTERBTCLTC:
Litecoin is about to break out of a 3 year down trend against bitcoin. Historically litecoin outperforms bitcoin from this point on in the bull market.
- From LitecoinForever:
London-based ETC Group announced Monday it will list a physical litecoin exchange-traded commodity (ETC) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14.
- From MASTERBTCLTC:
There is speculation that the following will happen this week. 🔳 Bitcoin ETF approval
🔳 Walmart adding bitcoin + ✅ Coinbase listingIt’s going to be a monster week.#LTC🚀 #Litecoin🚀
As for a news story related to Litecoin getting some buzz:
Created by Charlie Lee in 2011, Litecoin is one of the oldest Bitcoin forks that has ever existed….Litecoin has a much lower value than Bitcoin, despite borrowing many elements from the world’s leading cryptocurrency. The launch of Litecoin had a lot of people excited….Many people see Litecoin as a developers’ sandbox for features they eventually want to implement in Bitcoin….Litecoin and Decred proved successfully swapped, as did Litecoin and Bitcoin….Litecoin is a fork of Bitcoin, allowing it to borrow certain elements of its code….Similar to Bitcoin having a Bitcoin Cash fork, Litecoin has Litecoin Cash.