Litecoin (LTC) Closes Prior Hour Up 0.73%; Moves Down For the 8th Consecutive Day

The Hourly View for LTC

Last Updated April 25, 2021, 02:047 GMT

At the time of this writing, LTC’s price is up $1.67 (0.73%) from the hour prior. The hourly chart shows that LTC has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin closed yesterday down 6.78% ($16.39); this denotes the 8th consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 61.19% from the day before — and down 69.3% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 50 day averages, located at 220 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 17 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From BillyM2k:

    @BigImpactHumans To add nuance, it is relatively low compared to other popular proof of work cryptocurrencies because it is merge mined, meaning it gets hash power shared from other scrypt cryptos (like Litecoin), so it doesn’t create as much of its own waste from mining. But still wasteful xD

  • From lite_hause:

    Based on longevity/reputation/current prices, in crypto markets, I really don’t see any better choice than Litecoin at the moment. I really try seeing if I’m missing something, I can’t find it.. I think it’s the most poised for success relative to the current state we’re in.

  • From TIKPAQ:

    @rosemaryhopkin @PollyLo08456224 @mmjblair @davidkurten @DarrenPlymouth @CromwellStuff @litecoin_bull @Stanhope2011VJ @BoardroomBoy @disclosetv @mik61scot As hard as it is, I have faith that all of these charlatans will be brought to justice. For that to happen, we need people in power we can trust. No one should ever go through anything like this. I wasn’t privy to a lot 10 years ago. Today I stand by the brothers and sisters of..