The Hourly View for LTC
Last Updated May 13, 2021, 00:017 GMT
At the time of this writing, Litecoin’s price is up $1.35 (0.44%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 378.04 US dollars, up 5.15% ($18.52) since yesterday. This move happened on lower volume, as yesterday’s volume was down 45.23% from the day before — and down 35.87% 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 yesterday. 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 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From BikiniSunrise:
@litecoin @elonmusk Litecoin saved my life. I was living in my car for almost a year and one morning I woke up really cold and for some reason my brain remembered I had almost 1000 litecoin in a wallet stored in a email. Sold 100 of them and rented a house, got a TV and life is getting better 💕
- From JohnkimLTC:
I came into #bitcoin #Litecoin space as a SIMPLE MAN with a SIMPLE PLAN bc I had so much respect for it. This is my approach to any new space I JUMP into. Being or sounding smart isn’t my goal. My goal was SIMPLE. PRODUCE RESULTS BY ANY MEANS NECESSARY.
- From JohnkimLTC:
#Litecoin will outperform #bitcoin % wise in 2021 not bc it’s better or faster but bc of it’s price point.The noobs will want 1 $LTC rather than 0.0065 #BTC It’s a psychological thing and CANNOT be ignored.
In terms of news links for Litecoin here’s one to try:
The Miami Dolphins today announced they will host its 2021 Draft Party presented by Pepsi on Thursday, April 29 at Hard Rock Stadium….The Miami Dolphins today announced that they have signed defensive tackle John Jenkins.