The Hourly View for LTC
Last Updated March 4, 2021, 02:049 GMT
Currently, LTC’s price is up $0.07 (0.04%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend 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 is up 4.9% ($8.77) since yesterday, marking the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 26.44% from previous day, but down 17.5% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday 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. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 19 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 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.
$LTC ?? - 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 ??
For a longer news piece related to LTC that’s been generating discussion, check out:
Grayscale Bought 80% of All Litecoin Mined in February – Decrypt
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.