The Hourly View for LTC
Last Updated July 16, 2021, 04:021 GMT
Currently, LTC’s price is up $0.37 (0.29%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
Litecoin is down 3.99% ($5.23) since yesterday, marking the 4th straight day a decrease has occurred. The change in price came along side change in volume that was up 3.02% from previous day, but down 22.04% from the Thursday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From RPanda5:
My son told me yday : Mamma , why don’t you buy Bitcoin?
Me : What’s that?
He : Don’t you know , it’s crypto currency just like Dogecoin , Litecoin. One Bitcoin is some crores in Indian currency.
Me : 😕🙄⁉️#kids
- From LitecoinForever:
Australians will soon be able to spend Litecoin via existing brick & mortar point-of-sales with the issuance of a new physical debit card. Australians won’t need to convert Litecoin into dirty fiat!
- From jaredctate:
What is the best point of sale system out there you have used that allows vendors & stores to accept #DigiByte at checkout inside physical stores? What payment platforms should $DGB be added to? #Bitcoin #Litecoin