Litecoin (LTC) Closes Prior Hour Down -2.64%; in an Uptrend Over Past 14 Days, Moves Down For the 3rd Day In A Row

The Hourly View for LTC

Last Updated April 20, 2021, 02:047 GMT

Currently, LTC’s price is down $-6.53 (-2.64%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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 4.58% ($12.55) since yesterday, marking the 3rd day in a row a decline has happened. The change in price came along side change in volume that was down 48.79% from previous day, but up 89.92% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Here is a 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 10 days Litecoin’s price has gone up 5 them.

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 LitecoinForever:

    Again here’s why you need to accumulate Litecoin
    – MWEB (fungibility & privacy)
    – High liquidity
    – On every exchange
    – Secure & safe to use
    – Low transaction fees
    – Fast transactions
    – 100% uptime
    – Decentralized
    – Censorship resistant
    – Global adoption
    – Store of value
    $LTC 💎🙌

  • From LitecoinForever:

    @3comma1 💯 Litecoin is a store of value. There will only ever be 84 million Litecoins. Litecoin currently produces 7200 new coins per day. This will be halved on 5th August 2023. Dogecoin will continue to produce 14,400,000 new coins per day forever. Litecoin is the right coin.
    $LTC 💎🙌


    If you only focus on how much #Litecoin you own and stop looking at the USD value of it, you will realize 1 LTC = 1 LTC, and so the goal, changes from trying to increase your USD to always increasing your #LTC stack