The Hourly View for LTC
Last Updated June 16, 2021, 08:016 GMT
At the moment, Litecoin’s price is up $2.51 (1.44%) from the hour prior. Litecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 175.24 US dollars, down 2.63% ($4.73) since the day prior. This move happened on lower volume, as yesterday’s volume was down 30.53% from the day before — and down 60.12% 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. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day averages, located at 174.98 respectively, and thus may be at a key juncture along those timeframes. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone down 18 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From JohnkimLTC:
Everything i do and support in the #crypto space is to make #litecoin more relevant and useful. I already see things playing out in my mind. Flexa will make litecoin spendable at every major retail and on line stores. Few.
- From MikeMcDonald89:
Tell us what Jupiter’s 4th moon is doing and its ramifications for litecoin and we’ll entertain it indefinitely. But if your EVER shill a chain that we aren’t invested in then you’re dead to us.
- From MASTERBTCLTC:
Microstrategy buying more bitcoin is great for bitcoin obviously, it’s also great for litecoin as litecoin outperforms bitcoin during the bull markets.