The Hourly View for LTC
Last Updated March 12, 2021, 03:016 GMT
Currently, Litecoin’s price is down $-1.92 (-0.91%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend 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
The end of a 4 day positive run has come for Litecoin, which finished the previous day down 1.8% ($3.67). The price move occurred on stronger volume; specifically, yesterday’s volume was up 19.76% from the day prior, and up 4.35% from the same day 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 the previous day. Let’s take a look at the 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 additional context, note that price has gone up 7 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about 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 LitecoinForever:
Litecoin is due for great gains because Litecoin is the money for the people. The exchanges heavily manipulate $LTC’s price. So what prices you see on the exchanges are just an illusion. Better metrics of Litecoin’s growth are the on chain TX count & new address creation.
- From masterltcbtcbot:
The current LTCBTC ratio is 0.00356029Litecoin is an oscillator to bitcoin & next peak cycle we expect the LTCBTC ratio to peak around .025At today’s bitcoin price we expect litecoin’s price to be: $557 at .010
$835 at .015
$1114 at .020
$1393 at .025$3483 at .0625 max
For a longer news piece related to LTC that’s been generating discussion, check out:
Litecoin’s MimbleWimble Code To Be Ready by March 15th – Bitcoin Crypto Currency
Briefly: The code to Litecoin’s potential MimbleWimble (MWEB) upgrade will probably be full on the fifteenth of March….Copyright © 2020 Block Chain USA.All Rights Reserved.
