The Hourly View for LTC
Last Updated April 21, 2021, 05:016 GMT
At the moment, Litecoin’s price is up $2.15 (0.82%) It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours.Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being above them .choppiness mixed trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders .Litecoin Daily Price Recap
Litecoin closed the previous day down 0.1% ($0.26) ; this denotes the 4th consecutive day it has gone down.The price move occurred on stronger volume; specifically, yesterday’s volume was up 13.05% from the day prior, and up 44.77% from the same day the week before.Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day.
The daily price chart of Litecoin below illustrates.Litecoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.
As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.Overheard on Twitter From MrHodl :
@TheStalwart @markets And without the hash rate security, the 100s of vulnerabilities and not having to rely on litecoin miners.Also 14 million doge per day are being mined.Other than that… yeah, it’s pretty much the same.From MASTERBTCLTC :
Litecoin is a copy of bitcoin.
It was created almost 10 years ago.The code is nearly identical with a couple key modifications.Such as 4x the supply, different hashing algorithm, & 4x faster block times.Do you think it should only be priced 222 litecoin to 1 bitcoin?
So much #Litecoin bullishness these last few weeks..🐥 Venmo announces ability to purchase Litecoin 🐥 Coinshares launches physical Litecoin ETP 🐥 ETC group launches physical Litecoin ETP 🐥 BlockFi Litecoin trust announced 🐥 ➡️ 🐓
For a longer news piece related to LTC that’s been generating discussion, check out:
The Litecoin vs.Dogecoin hash-rate wars of 2014 and implications for Bitcoin vs.
Bitcoin Cash | BitMEX Blog
The consequences resembled those of Bitcoin Cash’s infamous emergency difficulty adjustment (EDA), which resulted in sharp drops in mining difficulty and made Bitcoin Cash’s mining incentives higher than Bitcoin’s for short periods….Figure 1: Litecoin (LTC) versus Dogecoin (DOGE) price chart for 2014 (in USD)….
Figure 3: Litecoin (LTC) versus Dogecoin (DOGE) hashrate chart – billion hashes per second – 2014….(Source: Litecoin blockchain, Dogecoin blockchain, BitMEX research) When, in 2017, Bitcoin Cash had higher mining incentives per unit of time than Bitcoin, many miners switched to Bitcoin Cash, repeating the pattern of 2014….Bitcoin always had higher incentives per block than Bitcoin Cash….(Source: Coinmarketcap, Litecoin blockchain, Dogecoin blockchain, Dogecoin Github, BitMEX Research) In order to calculate mining incentives for Dogecoin, we had to consider what occurred in 2014, including six changes to the block reward and two hardforks.Post navigation.
