The Hourly View for LTC
Last Updated March 4, 2021, 02:016 GMT
At the moment, Litecoin’s price is down $-0.14 (-0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 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 came into today up 1.72% ($3.02) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The price move occurred on volume that was up 16.56% from the day prior, but down 72.99% 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. Here is a 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 up 7 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From LitecoinForever:
Sometimes Litecoin implements new features before Bitcoin. The first time was in 2017 when Litecoin activated SegWit first. Now Litecoin is activating #MWEB. Litecoin’s #MWEB may serve as a blueprint for Bitcoin to one day achieve higher fungibility & privacy as well.
- From TheCryptoLark:
Just bought a truck load of #litecoin, think this is going to catch up to the other majors and enter price discovery on the next market cycle up.
- From CryptoTony__:
Good morning legends Great to see #Altcoins heavily bouncing this morning, along with #Litecoin putting in the C wave I anticipatedI still expect the wave down, unless the major supply zones are flipped into support Updates to come 👌🏻
In terms of news links for Litecoin here’s one to try:
With the 174,900 Litecoin going into LTCN, the figures mean that the fund purchased nearly 80% of all new Litecoin mined in the past month….In the past month @Grayscale Trust has purchased over 174,000 Litecoin.