Litecoin (LTC) Closes Last Hour Up $1.28; Crosses 50 Day Moving Average, Nears 50 Day Moving Average, in an Uptrend Over Past 90 Days
We held & the price went lower & lower and wished we would’ve took some profit at $140.
(Last Updated February 24, 2021)
Hello! This is the news page for Litecoin. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On LTC, there is currently an uptrend on the 90 and 30 day timeframes.
The moving averages on LTC indicate a trend that is clearly bullish.
The chart below illustrates.
At the moment, LTC’s price is down $-49.56 (-21.82%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. LTC’s weekly price action over the past 52 weeks can be seen via the chart below.
We held & the price went lower & lower and wished we would’ve took some profit at $140.
I’m not like most in this space.
This is a reversal of the price action on the previous hour, in which price moved down.
Projects like polkadot and cosmos ico’ed.
Think i managed to confuse a few of you.
I say #litecoin ($230) will go 4 digits eoy 2021, same people that said i was crazy are calling me delusional.guess what?
I’ve run a completely rigorous system in $ltcusd for 3 years and a month.
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….