The Hourly View for LTC
Last Updated March 14, 2021, 03:04 GMT
At the time of this writing, LTC’s price is down $-0.65 (-0.29%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as LTC has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 2.46% ($5.42) since the previous day, marking the 3rd straight day an upward move has occurred. The change in price came along side change in volume that was down 26.65% from previous day, but up 118.54% from the Saturday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 18 of the previous 30 trading 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 BillyM2k:
Fun fact: Compared to most other proof of work cryptocurrencies, Dogecoin is relatively eco friendly. This is due to it utilizing a technology called “merge mining” – where if a miner mines any other scrypt coin (e.g. Litecoin) they can mine DOGE in tandem using the same energy!
- From LTCPayCom:
– We don’t believe you need a bank account to get paid.
– We don’t believe you have to pay high fees to get paid.
– We don’t believe you need to be incorporated to get paid.
– We believe in freedom.
– We are unstoppable. #Litecoin #LitecoinFam
- From DaddyCool1991:
#Litecoin median value per transaction the past 24 hrs was $78.04The median #LTC transaction fee in $ during this same time was $.0009 (or less than 1/10 of 1 penny) to move $78.04 instantaneouslyA wire transfer from BMO Harris of $78.04 will cost you $20#LitecoinFACT
In terms of news links for Litecoin here’s one to try:
Litecoin could turn around despite having a lackluster price action but the coin could bounce against bitcoin in the near-term….A massive bounce is brewing on the LTCBTC trading pair and in our latest litecoin news, we are reading more about the price analysis.