The Hourly View for LTC
Last Updated July 4, 2021, 02:048 GMT
At the moment, LTC’s price is up $0.66 (0.48%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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
The back and forth price flow continues for Litecoin, which started today off at 140.17 US dollars, up 2.37% ($3.25) from the day prior. This move happened on lower volume, as yesterday’s volume was down 33.51% from the day before — and down 51.59% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
I remember like it was yesterday, Litecoin was sitting at $22 and almost all chart analysts saying it was going to go down to $15-ish. It never did.It’s the inverse of analysts saying prices are just going to keep on going higher. Trust your gut and you comfort level
- From DrDoubloon:
@FARID80421623 @Michael04665246 @CommJimDoherty @kataruka_piyush @Asia_Dogerian @McDonalds @jamicianmecrazy @TaylorCryptoGal @FadilijaS @Michael24154096 @dsd1969 @SarahVI_S @dogelucky7 @LauraZolushka @DogeAccept @KevinSc84767890 @PratikJ59471174 @Roun41352561 @Lelanie27613191 @selenaroyf @pythadoge @dogecoin @litecoin Hey, it is true by protecting tenants how are landlords going to pay mortgages if they cant pay it well banks take it away. and its repeat of 2008 even worse this time. why you think Governments around the world are fighting crypto because they worry for their own currency
- From DrDoubloon:
@Michael04665246 @CommJimDoherty @kataruka_piyush @Asia_Dogerian @McDonalds @FARID80421623 @jamicianmecrazy @TaylorCryptoGal @FadilijaS @Michael24154096 @dsd1969 @SarahVI_S @dogelucky7 @LauraZolushka @DogeAccept @KevinSc84767890 @PratikJ59471174 @Roun41352561 @Lelanie27613191 @selenaroyf @pythadoge @dogecoin @litecoin It’s serious compared to 2008 nearly 1 million people were homeless. and covid 8.8 million people behind rent think ahead don’t be messed up by inflation and lies.
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