Litecoin (LTC) Closes Last Hour Down $-0.43; Moves Up For the 2nd Consecutive Day, Breaks Above 20 Day Average

The Hourly View for LTC

Last Updated April 28, 2021, 19:16 GMT

Currently, Litecoin’s price is down $-0.43 (-0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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

Litecoin closed the previous day up 5.01% ($12.4); this denotes the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 23.91% from the day before — and down 56.56% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

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

  • From MadDogecoins:

    BTW.. I didn’t sell for fiat. I sold to Bitcoin. If dogecoin happens to need me back in the future I’ll be happy to load up again lol. Until then… I hold a reasonable bag of Doge.. Litecoin.. And of course Bitcoin. Diversify.

  • From Pentosh1:

    My #Litecoin price target is $238,855. I arrived at this price target by googling the distance between the earth and the moon and converting it from miles to dollars
    -Chikun Little

  • From LitecoinForever:

    Some say “Litecoin is a dead coin”, this isn’t true. Litecoin has high liquidity & global adoption. Litecoin is supported by:
    – Grayscale Litecoin Trust
    – Blockfi Litecoin Trust
    – PayPal
    – Venmo
    – The ETC Group Litecoin ETC (ELTC)
    – CoinShares Physical Litecoin (LITE)
    $LTC 💎🙌

As for a news story related to Litecoin getting some buzz:

Ex WWE Wrestler Kane, Now Knox County Mayor, Looking Into Bitcoin and Litecoin

As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage name Kane, is looking into Bitcoin and Litecoin to help his municipality….NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins….We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.