Litecoin (LTC) Closes Last Hour Up $0.83; 3 Day Up Streak Broken, in an Uptrend Over Past 90 Days

The Hourly View for LTC

Last Updated March 5, 2021, 02:048 GMT

At the time of this writing, LTC’s price is up $0.83 (0.49%) 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 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

The end of a 3 day positive run has come for Litecoin, which finished yesterday down 3.83% ($7.19). This move happened on lower volume, as yesterday’s volume was down 21.28% from the day before — and down 46.56% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days.

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 itsALLrisky:

    “I’m a big fan of #Dogecoin” “#DOGE security is really high””Dogecoin brings in a lot of new people in the space”- Litecoin creator Charlie Lee @SatoshiLite on $DOGEIt’s great to have your support, Charlie! There’s plenty of room on this rocket #ToTheMoon!

  • From DemonCapital:

    Litecoin will surpass ATH and enter price discovery on/before March 15th. Undervalued assets are like a bubble underwater. As – displacement from actual value increases, so does the pressure for it to snap back and carry out the wave function from under, to over, to actual value

  • From BillyM2k:

    @itsALLrisky Not only that, the only reason I stuck with crypto back in the day was because I was able to mine Litecoin with my graphics card. Litecoin is Dogecoin’s dad more or less – all respect to @SatoshiLite and Litecoin!

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

Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive – Altcoins Bitcoin News

Terence Zimwara
According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month….Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million.