The hour view for LTC
Last updated June 14, 2021, 3:01 am GMT
At the time of this writing, the price of Litecoin is down $ 0.15 (-0.09%) from the previous hour. Litecoin saw its price 4 of the last 5 hours dropped downwhich creates some attractive opportunities for bears. As for the trend in the hourly timeframe, we see that clearest trend in the 100-hour period. The moving averages on the hourly time frame suggest an inconsistent price as the 20, 50, 100, and 200 are all in a mixed alignment – meaning the trend is inconsistent across the time frames, suggesting potential Opportunity for Rangebound traders.
Litecoin daily price summary
Litecoin’s 3-day negative streak has officially ended as the candle was closed from the previous day up 5.71% ($ 9.24). That move happened on lower volumes as yesterday’s volume was down 15.78% from the previous day – and 13.66% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Litecoin took 5th place for the day in terms of price change compared to the previous day. Let’s take a look at Litecoin’s daily price chart.
Litecoin Technical Analysis
It is noteworthy that the current price of Litecoin is close to its 20-day moving averages; Moving average crosses often indicate a change in momentum so this can be worth keeping an eye on. The volatility for Litecoin has decreased of the last two weeks relative to the volatility of the last month. It will have to be observed whether the volatility returns. The most obvious trend is on the 14th day Timeframe that shows the price is moving down during this time. Also of note is that the price appears to be basing on a 90 day basis – which could set the stage for it to be a support / resistance level in the future. For additional context, note that the price has decreased by 19 in the last 30 days.
Heard it on Twitter
On Twitter, here were the top tweets about Litecoin:
- Of JohnkimLTC:
I respect a billionaire who invests in #Bitcoin and tells the world never to sell him excuses. You only need strong CONVICTION and GRIT to win.
- Of Babbobull:
@MASTERBTCLTC LTC and BTC are the only true currencies. I still can’t believe how overlooked #litecoin is. It does everything that BTC can do, but better. The only thing I can give BTC an edge is acceptance and a little more security
- Of DGB_LTC_J:
I believe Litecoin will appreciate a lot in value over the next 12 months based on Mimblewimble, PayPal, Grayscale, Venmo and the lack of a big run so far.
Nothing a few triangles or anons say is going to change my mind. # Litecoin
No financial advice
As for a news related to Litecoin that is causing a stir:
The man who gave up everything for Litecoin – Decrypt
John Kim: 100% committed to Litecoin …. Image: John Kim “They called me a Litecoin evangelist …. I think the best way to get people to believe in crypto is to give them an example and yourself.” Kim said recently deciphering a call from Texas where he is weathering the coronavirus storm. Still homeless, criticized for his recklessness and recklessness, and admits that cryptocurrencies played a huge role in dissolving his marriage…. Together with his wife, Kim began investing in Bitcoin and Ethereum in 2017 and was increasingly drawn to the world of cryptocurrencies – much to the dismay of his family and friends. Kim with his son Jaedin, “Litecoin Evangelist Jr.” Image: John Kim Litecoin in particular caught his attention … So I was able to take 10 grand and build 15 businesses. “For Kim, the all-in on cryptocurrency was the only opportunity, not just to change the development of his own life but also of the lives of his two sons. Whether or not LTC will be in the triple digits next year, one thing is certain, per Kim: “I know no one is willing to go as far as I go to show the world.” Get the best of Decrypt where you need it most.