The Hourly View for LTC
Last Updated September 3, 2021, 02:016 GMT
Currently, Litecoin’s price is up $0.66 (0.36%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 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
Litecoin is up 0.71% ($1.01) since the day prior, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 47.35% from the day prior, and up 14.13% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Here is a 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. For additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From sassal0x:
The crypto ecosystem has been “multi-chain” since the first economically relevant fork of Bitcoin (aka Litecoin).So I don’t think the question is “will the future be multichain?”Rather, the question is “which platforms will have the most market-share in a multi-chain world?”
- From DGB_LTC_J:
Bitcoin $47,000 Litecoin $175Litecoin is Bitcoin. Literally. Just some small improvements in speed and fees. Soon will have confidential trans. Yet Litecoin is 0.4% the price of BTC…If LTC price was not surpressed this would be very different..NOT FINANCIAL ADVICE!
- From JohnkimLTC:
I’m happy for #Ethereum investors. But I don’t understand how the market ignores the chain split and crazy fees.Wtf do I know though. 🤷🏻♂️#litecoin is still the most reliable crypto in the world.
In terms of news links for Litecoin here’s one to try:
Data shows that a large portion of holders has entered Litecoin at the average price of $185….By using on-chain data, traders and investors will be able to tell when a coin might face major resistance since the majority of market participants tend to close unprofitable positions once they are able to get out without any loss or profit.