The Hourly View for LTC
Last Updated June 24, 2021, 02:047 GMT
Currently, LTC’s price is down $-0.83 (-0.67%) from the hour prior. This is the 3rd straight hour LTC has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing down. 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 entered today at $129.06, up 7.77% ($9.31) from the day prior. The change in price came along side change in volume that was down 47.05% from previous day, but up 34.52% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th 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 clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 18 of the previous 30 trading days. Price action traders may also wish to note the presence of a bullish engulfing pattern in the midst of the downtrend on the 14 and 30 day charts, which may signal the trend is concluding.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MASTERBTCLTC:
Get some #Litecoin
☑️King of Scrypt Miners
☑️No satoshi stash
☑️#1 alt on ATMs
☑️Grayscale & Blockfi Trust
☑️merge mined w/doge
🔳Grayscale LTC supply shock
- From LitecoinForever:
The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Coinbase is approved to trade Litecoin in Japan.
- From LitecoinForever:
Hmm… This doesn’t look good. 🤔
A Russian warship fired warning shots to force a British destroyer from Russia’s waters near Crimea in the Black Sea. Litecoin works well in times of chaos & destabilization. Accumulate Litecoin to protect your wealth.
In terms of news links for Litecoin here’s one to try:
It is essential to create decentralized cross-chain solutions to preserve the decentralized nature of blockchain technology….The team specializes in building decentralized bridges to connect different siloed blockchain networks….More importantly, the concept of decentralized cross-chain interoperable blockchain bridges seemed nigh impossible to achieve a few years ago….NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.