The Hourly View for LTC
Last Updated July 22, 2021, 04:017 GMT
Currently, Litecoin’s price is up $0.54 (0.46%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight up hours. Regarding the trend, note that the strongest trend 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 is up 9.61% ($10.31) since the day prior, marking a reversal from the day prior — and the end of a 9 day negative run. The price move occurred on volume that was down 2.62% from the day prior, but up 42.91% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd 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
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 11 out of the past 14 days. Those interested in trading off candles may wish to observe the emergence of a bullish engulfing pattern, which seems particularly noteworthy against the backdrop of a downtrend on the 14, 90 and 30 day time periods.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
I once dm’d a very popular Bitcoin maxi (who’s done a lot for the space) and asked if he knew why Litecoin’s trading volume was so high relative to its market cap. Only response was “a lot of exchanges lie about volume”. That’s when I knew even “experts” can be highly ignorant.
- From b_sord:
Weekly update, The TGA reports that 399 Australian have died after recently receiving the Vaccine. These numbers are ones reported
@PFP_Australia @Carmilla5 @petemcguiness @ProudOldSoldier @aussie_smitty @aus_spirit @AbbyBSord @OzraeliAvi @litecoin_bull @dnforca @TheFlatEartherr
- From MASTERBTCLTC:
Litecoin could hit bitcoins 2017 price top divided by 4. That price would be $4960Few.
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