Litecoin price – Litecoin (LTC) price Near $197.53; Moves Up For the 4th Consecutive Day, Breaks Above 20 Day Average | Fintech Zoom

The Hourly View for LTC

Last Updated March 11, 2021, 01:016 GMT

Currently, Litecoin’s price is down $-0.26 (-0.13%) from the hour prior. The hourly chart shows that Litecoin has seen 3 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Litecoin. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

Litecoin came into today up 6.29% ($12.07) from the open of the previous day, marking the 4th consecutive day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 24.9% from the day prior, and up 10.17% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin crossed above its 20 day moving average yesterday. 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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.

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 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.

• From Bullrun_Gravano:
  

  Bedtime story:Once upon a time, there was a coin that everyone said was the silver to $BTC’s gold. It’s was called #Litecoin. $LTC It was a brief, glorious moment in time, but then Litecoin got dumped by a man named Charlie and was never heard from again. THE END

As for a news story related to Litecoin getting some buzz:

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.