The Hourly View for LTC
Last Updated June 16, 2021, 10:16 GMT
At the moment, Litecoin’s price is up $0.24 (0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on LTC; it is now pointing up. 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
175.24 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 2.63% ($4.73) from yesterday. 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 yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.
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 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.