Litecoin (LTC) Closes Last Hour Up $0.35; 2 Day Down Streak Ended, Price Base in Formation Over Past 90 Days, in a Downtrend Over Past 30 Days

The Hourly View for LTC

Last Updated June 10, 2021, 02:045 GMT

At the moment, LTC’s price is up $0.35 (0.2%) 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 20 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 entered today at $172.44, up 7.25% ($11.66) from the previous day. The price move occurred on volume that was down 19.83% from the day prior, but up 26.53% 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. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day averages, located at 177.09 respectively, and thus may be at a key juncture along those timeframes. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From CryptoKaleo:

    Just saw a guy with a Litecoin shirt walking down the street.Honestly the first time I’ve ever seen a crypto shirt in public where I live, so kind of cool. Especially because I’m a bag holder lmfao.

  • From JohnkimLTC:

    Wait and see what a SIMPLE MAN will be able to pull off in the future for #Bitcoin #litecoin $AMP. I just know deep in my heart that i will be a part of something that will change lives around the world.

  • From JohnkimLTC:

    We are trying to decentralize the world but i still believe in ppl with a good track record. My intuition turns into conviction when i REALLY get to know the ppl behind it. I’m with @SatoshiLite and @trspalding. 🤷🏻‍♂️ #litecoin $AMP