The Hourly View for LTC
Last Updated December 10, 2020, 04:016 GMT
At the moment, LTC’s price is up $0.26 (0.34%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Litecoin Daily Price Recap
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 77.45 US dollars, up 0.93% ($0.71) since yesterday. The change in price came along side change in volume that was up 6.96% from previous day, but down 40.28% from the Wednesday of last week. 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. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 90 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 up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From l3l2ucelee:
I was buying Litecoin from $99 to $350 dawg and all the way back down… if the shakeout to $22 didn’t make me quit, haters should realize I’m here for the long haul. I’m here to accumulate because the upside is so enormous, those buy levels wont be significant.
- From MASTERBTCLTC:
Litecoin is digital silver
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 9+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ Segwit
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Oscillator
☑️ PayPal Venmo
☑️ Atomic swaps
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime - From Tracawake:
@THEREALTRDJ @WPrincess76 @litecoin_bull @DearDiandra26 @AZGOP @JasonMillerinDC Just want you all to know that many are praying for all your safety and want to tell you how much we appreciate what you’re all doing for us in this fight! Thank you!! God speed to victory!
For a longer news piece related to LTC that’s been generating discussion, check out:
Bitcoin, Litecoin And Monero Luminaries Invest In Historic Crypto-Securities Offering
On the evening of October 28, the creator of the $5.2 billion cryptocurrency litecoin, Charlie Lee, received stock in a little-known video game startup called Exordium, using technology built on the bitcoin blockchain….Modeled after traditional equities agreements, the contract is designed to ensure tokens issued on a blockchain, similar to bitcoin, comply with U.S. securities regulations….After marking the tokens with a code that means only other investors with the same code can trade it, creating the first half of the white list, Alves Dias prepared to grant Lee the same credentials, the penultimate step in the transaction….After comparing the code in the EXO tokens with the code in Lee’s wallet, the software sent a message to the AMP platform’s underlying technology, called the Liquid Network, a separate blockchain that sits on top of the bitcoin blockchain….But if more people are adopting security token offerings, and these tokenized platforms where they can solicit investments from the market, then it democratizes the whole investment process.” In addition to being the CSO of Blockstream, in 2011 Mow founded Shanghai, China-based Pixelmatic, which developed the first video game Exordium will publish, called Infinite Fleet….Liquid also has its own cryptocurrency, called liquid bitcoin.
