Crypto Credits

Litecoin (LTC) Closes Last Hour Down $-0.41; 2 Day Down Streak Snapped


The Hourly View for LTC

Last Updated July 10, 2021, 02:046 GMT

At the time of this writing, LTC’s price is down $-0.41 (-0.31%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head down. 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 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

134.56 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 1.82% ($2.41) from yesterday. This move happened on lower volume, as yesterday’s volume was down 28.1% from the day before — and down 18.64% 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 yesterday. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that 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. 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 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard on Twitter

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

  • From SteveNi96234828:

    @RegChavez3 @sgtesco @bholman24930782 @Chuy338 @Michael29011011 @HarborTeaParty @AmnerisMonster @DrDoubloon @GloryDoge @BIGGUCCIDRACOTX @FadilijaS @Ghostbatman117 @LadyDogeBugBird @DogeCoinMilitia @Outerspacefris1 @BigImpactHumans @SargentDoge @stephenAdoge @TravisNTravesty @TheOnlyFronk @HODL_Til_Lambo @AMBASSADORTOUSA @MsiJeremy @Pin86939060 @TheWiseCrow1 @jenifang @WeTheDoge1 @WhitneyWalker33 @Rooster_Pi @Toddwade69420 @Doge4faithfull @ImTravisG @thetradingalien @Pikadogee @arcadiisback @adoptmeelonmusk @JubaJeeves @HonestlyDoge @aaronjwithers @llbodiedll @BeefSupreme1776 @TheOnlyPghTrish @calic415 @SimplyCrypto4 @GIGACHAD2021 @iBeaQueen @DogecoinGalaxy @Ripple_XRP1 @dogecoin @litecoin Holler back Fam! Comment how you are getting your freak on with #Doge. I like to obsess about #DogeCoins , eat , sleep , relax and tweet. The standard operational program. I also like to hack my code!

  • From DaddyCool1991:

    What do I mean in the first tweet?An improved #Litecoin via version 0.18.1 + less $ moving in the avg trx = less total overall trx fees per day#LTC trxs per day are up, total value moved per day is up, yet costs are drastically lowerAll this while fees for other coins go up

  • From RelevantElon:

    Ok here’s what we’ll do. All Doge transactions on the first layer. Keep securing that layer with about $42 worth of Litecoin miners. The CIA and I will run the only nodes because all transactions will be on the base layer and you can’t afford that hardware. Any other requests?

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