The Hourly View for LTC
Last Updated February 19, 2021, 00:017 GMT
Currently, Litecoin’s price is up $0.93 (0.41%) 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 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin is up 12.95% ($27.22) since yesterday, marking the 2nd consecutive day an increase has occurred. The price move occurred on volume that was up 12.18% from the day prior, but down 15.19% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From rektcapital:
It has taken $LTC only two weeks to increase by $100But this still pales in comparison to what #LTC did in 2017In 2017, it took Litecoin only 5 days to rally from $96 to $420The moves we’re seeing now are only a teaser of what’s to come later on in the cycle#Litecoin
- From CryptoWizardd:
Prepare yourself… we are about the enter the biggest alt run.. I think this one will be different like 2017…This one will last longer.🚀🚀🚀$LUNA $MIR $KCS $VRA $TOMO $ZIL $SHA $TONE $TOMO $FET $VIDT $LTO $HTR $MANA $ETH $DOGE $BNB #cryptocurrency #Litecoin
- From MASTERBTCLTC:
I worked my ass off to save the #Litecoin that I own. DONT EVER WANT TO HEAR “Oh you got lucky”No motherfucker… I wanted to buy other shit and go on vacationsbut instead I saved because of belief in the HARDEST MONEY EVER CREATED.
As for a news story related to Litecoin getting some buzz:
Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021….The founder, that goes by the Twitter handle Satoshilite (a reference to bitcoin creator Satoshi Nakamoto) didn’t hold back, replaying a year later: I sold because holding LTC made it a situation where I may do something to pump the value short term….Square Inc, a financial services and payment company led by Twitter CEO Jack Dorsey, purchased $50 million of bitcoin shortly after, a decision that rewarded the company with a 10% rise….Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC The U.S. city of Miami is going full bitcoin.