The Hourly View for LTC
Last Updated April 21, 2021, 16:17 GMT
At the moment, Litecoin’s price is up $0.48 (0.17%) 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 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 0.1% ($0.26) since the day prior, marking the 4th consecutive day it has gone down. As for how volume fared, yesterday’s volume was up 13.05% from the previous day (Monday), and up 44.77% from Tuesday of the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 18 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
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 JohnkimLTC:
2021:12 months = 12 roundsWe are in the 4th round. In most 12 round fight, the boxers are warmed up by the 4th. We have 8 rounds to go so don’t be telling me #Litecoin is lagging. Your coin came out too strong early bc of lack of experience. $LTC ATH APRIL.
- From cryptoaddict86:
@kingjimmyc Doge is a fork of litecoin… with all the hype around it I could definitely see it getting to a $1 one day but $100 will take a very long time if ever lollll…It’s a gambling coin, you could make a lot and you could loose a lot because it’s so volatile…
- From lite_hause:
So much #Litecoin bullishness these last few weeks..? Venmo announces ability to purchase Litecoin
? Coinshares launches physical Litecoin ETP
? ETC group launches physical Litecoin ETP
? BlockFi Litecoin trust announced ? ➡️ ?
For a longer news piece related to LTC that’s been generating discussion, check out:
The consequences resembled those of Bitcoin Cash’s infamous emergency difficulty adjustment (EDA), which resulted in sharp drops in mining difficulty and made Bitcoin Cash’s mining incentives higher than Bitcoin’s for short periods….Figure 1: Litecoin (LTC) versus Dogecoin (DOGE) price chart for 2014 (in USD)…. Figure 3: Litecoin (LTC) versus Dogecoin (DOGE) hashrate chart – billion hashes per second – 2014….(Source: Litecoin blockchain, Dogecoin blockchain, BitMEX research) When, in 2017, Bitcoin Cash had higher mining incentives per unit of time than Bitcoin, many miners switched to Bitcoin Cash, repeating the pattern of 2014….Bitcoin always had higher incentives per block than Bitcoin Cash….(Source: Coinmarketcap, Litecoin blockchain, Dogecoin blockchain, Dogecoin Github, BitMEX Research) In order to calculate mining incentives for Dogecoin, we had to consider what occurred in 2014, including six changes to the block reward and two hardforks.