Litecoin (LTC) Closes Prior Hour Up 2.37%; Heads Up For the 3rd Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated April 16, 2021, 02:050 GMT

Currently, LTC’s price is up $6.74 (2.37%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 2.62% ($7.32) since the previous day, marking the 3rd straight day it has gone up. The price move occurred on volume that was down 27.1% from the day prior, but up 68.5% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

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. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 20 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From MrVigilanteBTC:

    Funny thing is, I’ll be taking some profits, at $1,000+ while most others will FOMO buy at $1,000The question is this, are you the buyer here at $275 or will you be buying my bags at $1,000 and beyond?All about perspective, buy cheap sell high.. #Litecoin

  • From Litewallet_App:

    We did it! 🚀🎉🎆Litewallet is proud to welcome @MoonPayHQ
    as one of our buy LTC partners! For the rest of April we are offering a 33% discount on purchase fees. Tap “Buy” pick your fiat and get some Litecoin into your Litewallet💰💰 in 5 mins!

  • From MrVigilanteBTC:

    That said, we are talking SOME profits, can’t stay alive in this game unless you preserve capital. Hard lesson learned in 2017 that I will never forget. I will always have my long term bag and decent size spot position. #Litecoin is my baby 😌