The Hourly View for LTC
Last Updated March 1, 2021, 02:047 GMT
At the moment, LTC’s price is up $1.28 (0.76%) from the hour prior. LTC has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. 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 165.6 US dollars, down 3.74% ($6.43) since the previous day. The price move occurred on volume that was up 34.45% from the day prior, but down 27.98% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
First things first: Litecoin crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From johnkim77:
- From johnkim77:
Remember that time around #Litecoin halving the price went to $140 & we were ecstatic. We held & the price went lower & lower and wished we would’ve took some profit at $140. Well, we’re sitting at $160 RN My point?Sometimes you’re granted a wish but fail to realize it.
- From g68_charlie:
@_CLINTWESTWOOD_ @CustCarptry @LTCTheRightCoin @mamaecrypto @IrishGirlCrypt1 @JasonMack99 @PaulieP2 @The_Legend_Zog @jonnylitecoin @Soul070_ @childrescuenow @will_ashlin @edengirl58 @missteencrypto @RedKatLife @davidericc @king_litecoin @Jean_LitePicard @Johnred_ @0Risk0Reward @WeirdWendell so glad to hear things are working out for somebody that needed help especially around the holidays! you both are good men and im glad to have crossed paths at least online! cant wait to actually meet yall someday as with all on this list and truly enjoy each others company 👊😎