The Hourly View for LTC
Last Updated March 11, 2021, 16:17 GMT
Currently, Litecoin’s price is up $1.54 (0.78%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend 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 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 down 1.8% ($3.67) since yesterday, marking a reversal from the day prior — and the end of a 4 day positive run. As for how volume fared, yesterday’s volume was up 19.76% from the previous day (Tuesday), and up 4.35% from Wednesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 another vantage point, consider that Litecoin’s price has gone up 7 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From johnkim77:
I’ve spent 4 yrs of my life giving all my attn to #Litecoin #bitcoin #crypto. I’m over 40 now, and my parents don’t have much time left to enjoy life as they should. It’s time to share the fruits of my labor & have less regrets when they pass away. It’s a G thang homie!
- From ultimateviet:
LTC is ready to be sent to Valhalla! This is heaven for only elite warriors. Zero downtime and in the top 10 over the past 10 years. It’s battle tested. It will be one of the first to pop when BTC settles. Price above $200 and LTC/BTC looks bottomed. Be ready! 🚀
#Litecoin - From l3l2ucelee:
I love Litecoin. $40 to $200 is not bad. I’m way in the green but it is still my worst performing bag. I don’t think this bull market has really kicked off yet. It’s time will come and I got nothing but time.
In terms of news links for Litecoin here’s one to try:
Litecoin: MimbleWimble will be completed on March 15
The Litecoin Foundation describes MimbleWimble via Blockchain Extension as follows: (…) it will provide the benefit of hiding transaction amounts and improve scalability due to its ability to compact transactions….MWEB has the ability to scale better than Litecoin and Bitcoin while also having the side benefit of acting as a block size increase on the main chain without there actually being one….Loshan claims that this will provide improved fungibility and financial privacy: Unlike Bitcoin – where all addresses and amounts can be seen by anyone – MWEB + CoinJoin transactions are private.
