(Last Updated April 15, 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:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for LTC.
LTC’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
At the moment, LTC’s price is up $22.93 (8.96%) from the week prior. Moreover, note that this is the 3rd consecutive week LTC has seen its price head up. As for the trend on the weekly timeframe, we see the clearest trend 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. The weekly chart below shows LTC’s price action over the past year.
As for how volume fared, yesterday’s volume was up 13.05% from the previous day (monday), and up 44.77% from tuesday of the week before.
Figure 3: litecoin (ltc) versus dogecoin (doge) hashrate chart – billion hashes per second – 2014….(
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This move is a reversal from the hour prior, which saw price move up.
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Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.