The Hourly View for LTC
Last Updated June 28, 2021, 09:016 GMT
At the time of this writing, Litecoin’s price is down $-0.34 (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 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 came into today up 4.64% ($5.88) from the open of the previous day, marking the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 7.51% from the day before — and down 18.03% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Listen up. Litecoin at this price is a phenomenally great time to invest. The risk to reward is unreal. Meaning the risk is very low that the price won’t be much higher. The chances that litecoin price rises at least +10x between now & the end of 2022 are very likely.
- From AkuRypto:
Anyone who ever tried buying Bitcoin or Litecoin prior to major CEXes’ existence will understand the need that @THORChain fills in crypto.It is 100% necessary for permissionless access to internet money, and if THORChain didn’t create it, someone else eventually would.
- From misconfig_exe:
@Nibba_reddy Bitcoin is no less affordable than any other asset. You can invest for as little as $2 or 2 of local currency, on most exchanges.
If Bitcoin goes up 500%, your investment goes up 500%.
You don’t have to buy a whole $BTC.
But if you feel the need to (“unit bias”) then #Litecoin