Litecoin (LTC) Closes Last Hour Down $-0.94; Moves Down For the 2nd Straight Day

The Hourly View for LTC

Last Updated April 30, 2021, 08:017 GMT

At the moment, Litecoin’s price is down $-0.94 (-0.35%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 closed the day prior down 1.27% ($3.28); this denotes the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 15.34% from the day before — and down 64.83% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 11 them.

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 LitecoinForever:

    #Litecoin News This Week
    ✅ Litecoin’s founder featured on CNBC
    ✅ Rare Tom Brady card was purchased using Litecoin
    ✅ Tyler Winklevoss sends first tweet about Litecoin
    ✅ /r/litecoin hit 300k subscribers
    ✅ New ETC on Litecoin is available to trade in Germany
    $LTC 💎🙌

  • From smallcappick:

    Giving Away $5K $LTC to one random winner every 5K followers Simply Follow me
    Retweet & Comment to win #LITECOIN #LTCUSDT #LTCUSD
    First winner will be announced once I hit 30K followers Remember 2 follow so i can DM winner GL

  • From LitecoinForever:

    Litecoin has created over 2,043,525 blocks without error with zero downtime since 2011. No other cryptocurrency matches Litecoin’s reliability. Litecoin is the right coin.
    $LTC 💎🙌

In terms of news links for Litecoin here’s one to try:

The Litecoin of Charlie – Crypto.co

Litecoin (LTC) was created by  Charles “Charlie” Lee in 2011 as an alternative to Bitcoin….Charlie Lee is a computer scientist who created Litecoin….For Lee, litecoin was an alternative and not a competitor of bitcoin….With litecoin mining, a new block is mined every 2.5 minutes – four times faster than bitcoin….In December 2017, Lee sold all his stake in LTC (litecoin).