The Hourly View for LTC
Last Updated May 20, 2021, 02:046 GMT
Currently, LTC’s price is up $8.12 (4.5%) from the hour prior. This is the 2nd straight hour LTC has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 186.64 US dollars, down 36.56% ($107.58) since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 99.62% from the day prior, and up 20.8% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed below its 50 and 100 day moving averages yesterday. 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 14 days Litecoin’s price has gone down 8 them. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MASTERBTCLTC:
Small businesses are decentralization of jobs If you own a small business it’s time to accept litecoin the decentralization of money Setup an account with any of these companies @CommerceCB
@CryptoBucksApp
@LTCPayCom #PayWithLitecoin - From MASTERBTCLTC:
Millionaires will be made here. #LTC? #Litecoin? #LitecoinTo10k
- From RoderickMelvin:
@scottmelker @SatoshiLite My question is why doesn’t LiteCoin have a strong community? And if they do why don’t we hear from them?