The Hourly View for LTC
Last Updated April 22, 2021, 06:016 GMT
At the time of this writing, Litecoin’s price is up $1.18 (0.44%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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
Litecoin is down 1.28% ($3.34) since the day prior, marking the 5th consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 31.85% from the day before — and down 22.13% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From JohnkimLTC:
2021:12 months = 12 roundsWe are in the 4th round. In most 12 round fight, the boxers are warmed up by the 4th. We have 8 rounds to go so don’t be telling me #Litecoin is lagging. Your coin came out too strong early bc of lack of experience. $LTC ATH APRIL.
- From cryptoaddict86:
@kingjimmyc Doge is a fork of litecoin… with all the hype around it I could definitely see it getting to a $1 one day but $100 will take a very long time if ever lollll…It’s a gambling coin, you could make a lot and you could loose a lot because it’s so volatile…
- From LitecoinForever:
A $24-million Basic Income Guaranteed program, which will be included in the city budget would provide $1,000 a month to 2,000 Los Angeles families for a year. There will be no obligation on how to spend the money, according to the mayor’s office. Accumulate Litecoin.
In terms of news links for Litecoin here’s one to try:
Litecoin’s similarity to Bitcoin — a complement, not a competitor — goes further, too: many users point to Litecoin as a useful and viable test network for Bitcoin….As a consequence, Litecoin’s transaction throughput is also approximately four times faster than Bitcoin….Firstly, in the early years of Litecoin it made mining this cryptoasset far more accessible to individuals, who were able to mine and mint new Litecoin with the processing power available from most home computer CPUs.
Secondly, it meant that Litecoin was not competing with Bitcoin for miners, as users could mine both Bitcoin and Litecoin at the same time….According to the applicable laws and regulations in your jurisdiction, some contents on this website or the access to certain contents on this website might be restricted….The terms and conditions of securities applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment….These cookies allow you to be distinguished from other users of the website, which helps ETC Issuance GmbH to provide you with a better experience when you browse the website and also allows the website to be improved from time to time.