The Hourly View for LTC
Last Updated December 22, 2020, 03:016 GMT
Currently, Litecoin’s price is down $-0.88 (-0.83%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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
Litecoin came into today down 8.86% ($10.16) from the open of yesterday, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 0.91% from the previous day (Sunday), and up 368.45% from Monday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th 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 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 7 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 DaddyCool1991:
$51,000,000 is being sent every hour on average over the past 24 hours on the #Litecoin blockchain. It is being done at a median value per transaction of $39.89, for a measly median fee of $0.00078 per trx.THAT is advantageous utility in a nutshell
THAT is value to invest in - From MASTERBTCLTC:
@SatoshiLite @PayPal @Grayscale 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 TheRealXinxi:
Don’t hate me. Gold and silver won’t be replaced by digital gold and silver at least in the next few decades. They are quantum-resistant and 51% attack resistant. I’m still holding a lot of gold and silver options beside Bitcoin and Litecoin.