The Hourly View for LTC
Last Updated April 16, 2021, 15:16 GMT
At the time of this writing, Litecoin’s price is up $0.83 (0.3%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend 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 2.62% ($7.32) since the day prior, marking the 3rd straight day it has gone up. The price move occurred on volume that was down 27.1% from the day prior, but up 68.5% 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
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From rektcapital:
Altcoins have been pumping like crazy todayBut this is nothing compared to the euphoria and FOMO that has yet to comeIn 2017, it took #Litecoin only 5 days to rally from $96 to $420The euphoria stages of a bull market come at you fastBe prepared$LTC #Bitcoin #Crypto
- From Litewallet_App:
We did it! ???Litewallet is proud to welcome @MoonPayHQ
as one of our buy LTC partners! For the rest of April we are offering a 33% discount on purchase fees. Tap “Buy” pick your fiat and get some Litecoin into your Litewallet?? in 5 mins! - From Bitboy_Crypto:
Bitcoin has also passed whats known as the Lindy Effect; If technology has been around for ten years, it’s drastically more likely to be around for ten more years. Litecoin is next
As for a news story related to Litecoin getting some buzz:
What is Litecoin? Why is it Popular with Crypto Investors? CoinFlip Explains | CoinFlip Bitcoin ATM
And Litecoin has worked flawlessly over the past nine years.” Since its inception, Litecoin has consistently ranked among the top ten capitalizations of the cryptocurrency market which makes it relatively stable compared to other altcoins created around the same time. Using Litecoin is fast and cheap….New crypto ATM locations are popping up every day.
