The Hourly View for LTC
Last Updated June 14, 2021, 04:016 GMT
Currently, Litecoin’s price is down $-0.37 (-0.22%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Litecoin has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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 5.71% ($9.24) since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on lower volume, as yesterday’s volume was down 15.78% from the day before — and down 13.66% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th 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 is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 7 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From JohnkimLTC:
I respect a billionaire investing in #bitcoin and telling the world never to sell it.I was a high school dropout with a chip on my shoulder who went ALL IN to live on #litecoin 24/7.My blue print doesn’t allow for excuses. You only need strong CONVICTION and GRIT to win.
- From babbobull:
@MASTERBTCLTC LTC and BTC are the only true currencies. I still cant believe how overlooked #litecoin is. It does everything BTC does but better. The only thing I can give BTC an edge on is adoption and a bit more security
- From GeorgeBLE17:
I have been using Litecoin for flights and hotels, but the ultimate goal is to borrow against them (take out a loan), and use Bitcoin/Litecoin to buy a house/car and not need to ever sell any of them to pay enormous tax gains #BTC #LTC
In terms of news links for Litecoin here’s one to try:
The Man Who Gave It All Up for Litecoin – Decrypt
John Kim: 100% committed to Litecoin….Image: John Kim “They called me a Litecoin evangelist….I believe the best way to get people into crypto is to show them an example and let them experience it for themselves,” Kim told Decrypt on a recent call from Texas, where he is weathering the coronavirus storm. He’s still homeless, has been criticized for being foolhardy and reckless, and admits that cryptocurrencies played a big part in the breakup of his marriage….Together with his wife, Kim had begun to invest in Bitcoin and Ethereum in 2017, and became increasingly drawn into the cryptocurrency world—much to the consternation of his family and friends. Kim with his son Jaedin, “Litecoin Evangelist Jr.” Image: John Kim Litecoin, in particular, attracted his attention….That’s how I was able to take 10 grand and build 15 businesses.” In Kim’s mind, going all-in on cryptocurrency presented the only opportunity to change the trajectory of not only his own life but the lives of his two sons….Whether LTC reaches triple digits or not next year, one thing is for sure, per Kim, “I know nobody is willing to go as far as I’m going to go to show the world.” Get the best of Decrypt where you want it most.
