The Hourly View for LTC
Last Updated July 24, 2021, 02:046 GMT
At the moment, LTC’s price is up $0.16 (0.13%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 10 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend 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 came into today up 2.89% ($3.49) from the open of the day prior, marking the 3rd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.64% from the day prior, and up 1.24% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 7 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From EmmaLladro:
Litecoin is not an abandoned project. It has remained in the top 10 for a long time and is also one of the coins with highest daily volume. Its transactions costs are also below $1. On a functional level, Litecoin is a more efficient coin than Bitcoin.
- From JohnkimLTC:
If you locked me in a room with @elonmusk I truly believe I can convince him @FlexaHQ network and #litecoin is the best for mass adoption. I wouldn’t convince him with information but with my experience from boots on the ground and my CONVICTION. #facts
- From LitecoinGaming:
Drop a Like on this tweet if you support Litecoin & Litecoin Gaming!Let’s see how many Litecoin supporters are out there!#GameWithLitecoin #LTC #litecoin $LTC @litecoin @LTCFoundation