The Hourly View for LTC
Last Updated April 16, 2021, 13:16 GMT
At the moment, Litecoin’s price is up $1.75 (0.63%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. 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
Litecoin is up 2.62% ($7.32) since the previous day, marking the 3rd straight day it has gone up. The price move occurred on volume that was down 27.1% from the day prior, but up 68.5% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
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. 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
Over on Twitter, here were the top tweets about Litecoin:
- From rektcapital:
Altcoins have been pumping like crazy todayBut this is nothing compared to the euphoria and FOMO that has yet to comeIn 2017, it took #Litecoin only 5 days to rally from $96 to $420The euphoria stages of a bull market come at you fastBe prepared$LTC #Bitcoin #Crypto
- From Litewallet_App:
We did it! 🚀🎉🎆Litewallet is proud to welcome @MoonPayHQ
as one of our buy LTC partners! For the rest of April we are offering a 33% discount on purchase fees. Tap “Buy” pick your fiat and get some Litecoin into your Litewallet💰💰 in 5 mins!
- From Bitboy_Crypto:
Bitcoin has also passed whats known as the Lindy Effect; If technology has been around for ten years, it’s drastically more likely to be around for ten more years. Litecoin is next
In terms of news links for Litecoin here’s one to try:
And Litecoin has worked flawlessly over the past nine years.” Since its inception, Litecoin has consistently ranked among the top ten capitalizations of the cryptocurrency market which makes it relatively stable compared to other altcoins created around the same time. Using Litecoin is fast and cheap….New crypto ATM locations are popping up every day.