The hour view for LTC
Last updated June 16, 2021 02:048 GMT
At the time of this writing, LTC’s price is down $ -0.98 (-0.56%) from the previous hour. LTC 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 indicate a bearish price as the 20, 50, 100, and 200 are all in a bearish alignment – meaning that the shorter duration moving averages are below the longer duration averages, which is good for you indicating a stable downtrend.
Litecoin daily price summary
Litecoin rose today at $ 175.24, down 2.63% ($ 4.73) from the previous day. This move happened when the volume was lower, as yesterday’s volume was down 30.53% from the previous day – and 60.12% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Litecoin took 5th place in terms of percentage price change since the previous day. Here is a daily price chart from Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20-day moving averages, which can serve as a price barrier for the asset. 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 that the price is moving during this time. For additional context, note that the price has decreased by 8 in the last 14 days.
Heard it on Twitter
On Twitter, here were the top tweets about Litecoin:
- Of JohnkimLTC:
All I do and support in the #crypto space is to make #litecoin more relevant and useful. I can already see how things are going on in my head. Flexa will issue Litecoin in every major retail and online store. Few.
- Of MikeMcDonald89:
Tell us what Jupiter’s fourth moon does and what it means to Litecoin and we will entertain it indefinitely. But if you EVER shill a chain that we didn’t invest in, you’re dead to us.
- Of hackerb0t:
Mining Litecoin keeps transaction fees relatively low due to the inherently higher total supply. There can only be 21 million bitcoins, whereas there can be up to 84 million litecoins. This is important because it makes mining less competitive.
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