Litecoin price – Litecoin (LTC) Closes Last Hour Down $-2.12; Moves Up For the 5th Straight Day, in an Uptrend Over Past 14 Days | Fintech Zoom

The Hourly View for LTC

Last Updated February 13, 2021, 02:048 GMT

Currently, LTC’s price is down $-2.12 (-1.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily price Recap

Litecoin came into today up 7.12% ($13.09) from the open of the day prior, marking the 5th straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 19.1% from the previous day (Thursday), and up 76.28% from Friday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Here is a 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 up. For additional context, note that price has gone up 8 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

• From DaddyCool1991:
  

  @DanielleMoinet #Litecoin is the equivalent of #digitalsilver and has the ability to not just be a store of value, but also can be used to pay for things.It allows for two individuals to exchange value without the need of a third party (bank, pay service, etc.)It is deflationary & grows in $

• From LucasNuzzi:
  

  2/ First, let’s talk about network security (I’ll try to keep it simple). Unlike BTC, ETH, or really any other major network, Dogecoin does not have its own miners — it currently relies on another network, Litecoin, to survive.So how did this happen and what does it mean?

• From LucasNuzzi:
  

  5/ Back then, it was somewhat of a controversial solution. Some users were concerned that AuxPoW would put the future of $DOGE at the mercy of bigger miners.While the change likely saved Dogecoin, the concern was valid: ~95% of Dogecoin mining today is done by Litecoin miners.