The Hourly View for LTC
Last Updated May 15, 2021, 02:046 GMT
At the time of this writing, LTC’s price is down $-0.93 (-0.28%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 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 up 2.71% ($8.61); this denotes the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 55.72% from the day before — and down 52.48% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From LitecoinForever:
@MASTERBTCLTC @elonmusk @BillyM2k @SatoshiLite @LTCFoundation @JohnkimLTC @jonnylitecoin @DavidBurkett38 Dogecoin isn’t a good currency. Litecoin has been fine tuned & optimized for over 9 years. Dogecoin is a joke project that has an outdated code base. Dogecoin wouldn’t exist if it wasn’t for Litecoin merge mining. Litecoin is the money for the people, not Dogecoin.
- From lite_hause:
It always feels like Elon is right around the corner from giving a Litecoin shout out due to its relationship to Doge and its payments use-case + high liquidity, but apparently, it seems like he’d prefer jamming a square peg into a round hole just for the memes. Such is life.
- From Pacifica2525:
@jonnylitecoin Litecoin doesn’t “help” secure Dogecoin’s blockchain, it basically “owns” Dogecoin’s blockchain, because until recently, no miners would ever mine just Doge. It was a losing proposition. Now, it may be more profitable, but it still is a byproduct of Litecoin mining.
As for a news story related to Litecoin getting some buzz:
Litecoin Cash was the first cryptocurrency to be dropped from space….Litecoin Cash was forked from Litecoin on 18 Feb 2018 at block 1371111, with a 10:1 Claim Ratio….After the fork block, Litecoin Cash switched to SHA256 proof-of-work hashes….Agent-based mining on Litecoin Cash Optimising Chainwork Scaling Initial whitepaper (PDF) Position Paper (PDF) Litecoin Cash Core wallets form the backbone of the Litecoin Cash network….If you were holding Litecoin at block 1371111, and you haven’t yet claimed LCC, it’s still there waiting for you….Download a wallet for your platform, and you’ll find a menu item to help you import your Litecoin private keys and claim your Litecoin Cash.