The Hourly View for LTC
Last Updated April 9, 2021, 10:16 GMT
At the time of this writing, Litecoin’s price is up $1.29 (0.57%) 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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
The end of a 3 day positive run has come for Litecoin, which finished the day prior down 7.45% ($17.66). The change in price came along side change in volume that was down 14.38% from previous day, but up 276.2% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the 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. 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. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 20 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 90 day charts, may be slowing down and ready to reverse.
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 MASTERBTCLTC:
Litecoin is ????
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 9+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ Segwit
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Oscillator
☑️ PayPal / Venmo
☑️ Litecoin ETP
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime#ltc - From DaddyCool1991:
#Litecoin averaged 1.43 transactions per second the past 24 hrs.To put that into perspective, the high during the 2017-18 #LTC bull run was 2.62The main difference is that this time around, the trxs per second is boring and normal…not at the peak of a crazy market top.
- From MASTERBTCLTC:
You will never be able to buy litecoin under $20,000 ?You will never be able to buy litecoin under $2,000 ?You will never be able to buy litecoin under $200 ✅You will never be able to buy litecoin under $20 ✅You will never be able to buy litecoin under $2 ✅#LTC
