The hour view for LTC
Last updated June 5, 2021 02:045 GMT
Currently, the price of LTC is down $ -0.95 USD (-0.52%) compared to the previous hour. This move is a reversal of the hour before that when the price rose. If you are a trend trader, keep in mind that the strongest clear trend on the hourly chart is in the 50-hour time frame. Regarding the moving averages, the first thing to note is that the price is the 100 hourly moving average which causes the price to be now turn underneath. 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 rose today at $ 178.6, 7.68% ($ 14.86) less than the previous day. The price change was accompanied by a change in volume, up 8.81% from the previous day but down 51.91% from Friday last 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. The Litecoin daily price chart below illustrates.
Litecoin Technical Analysis
First things first: Litecoin fell below its 200-day moving average yesterday. 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 clearest trend is on the 30th day Timeframe that shows the price is moving down during this time. For additional context, note that the price has decreased by 8 in the last 14 days.
Heard it on Twitter
For laughs, arguments, or really useful information, let’s see what the most popular Litecoin tweets were for the past day:
- Of JohnkimLTC:
I wanted to speak at the #BitcoinConference until they said I couldn’t talk about #litecoin. So I said in a very harsh and stern voice … Ok, I see. (Low voice) can I say LITE and then after a few words say COIN? In summary, I will not speak for the next two days. 😎
- Of FlyingCryptos:
Original goals are my commandments. $ LTC #Litecoin (By the way, to be open to everyone. I’ve just been in a relationship for almost six years. I won’t be that active right now. There’s the reason) Thank you for your support.
- Of LitecoinForever:
Anyone can create a new cryptocurrency, but creating a cryptocurrency that will achieve global acceptance is next to impossible. Litecoin has achieved worldwide acceptance.
As for a news related to Litecoin that is causing a stir:
Litecoin’s MimbleWimble will be activated towards the end of 2021 – Ethereum World News
Check out the latest Bitcoin (BTC) news and updates. He also pointed out that the project is struggling to find enough developers to review the MimbleWimble code.
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