Litecoin (LTC) Closes Prior Hour Down -0.35%; Heads Down For the 2nd Straight Day

The Hourly View for LTC

Last Updated April 30, 2021, 02:049 GMT

At the time of this writing, LTC’s price is down $-0.9 (-0.35%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Litecoin closed the day prior down 1.27% ($3.28); this denotes the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 15.34% from the day before — and down 64.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From LitecoinForever:

    #Litecoin News This Week
    ✅ Litecoin’s founder featured on CNBC
    ✅ Rare Tom Brady card was purchased using Litecoin
    ✅ Tyler Winklevoss sends first tweet about Litecoin
    ✅ /r/litecoin hit 300k subscribers
    ✅ New ETC on Litecoin is available to trade in Germany
    $LTC ??

  • From smallcappick:

    Giving Away $5K $LTC to one random winner every 5K followers Simply Follow me
    Retweet & Comment to win #LITECOIN #LTCUSDT #LTCUSD
    First winner will be announced once I hit 30K followers Remember 2 follow so i can DM winner GL

  • From LitecoinForever:

    If you listen to the media they will lead you to believe that the rising prices are due to shortages without highlighting the fact that fiat currencies are in a hyperinflation. Protect your wealth with Litecoin before it’s too late.
    $LTC ??

In terms of news links for Litecoin here’s one to try:

The Litecoin of Charlie – Crypto.co

Litecoin (LTC) was created by  Charles “Charlie” Lee in 2011 as an alternative to Bitcoin….Charlie Lee is a computer scientist who created Litecoin….For Lee, litecoin was an alternative and not a competitor of bitcoin….With litecoin mining, a new block is mined every 2.5 minutes – four times faster than bitcoin….In December 2017, Lee sold all his stake in LTC (litecoin).