The Hourly View for LTC
Last Updated December 24, 2020, 06:016 GMT
At the time of this writing, Litecoin’s price is down $-0.48 (-0.46%) 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 100 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing down. 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 102.39 US dollars, down 10.54% ($12.06) since yesterday. As for how volume fared, yesterday’s volume was up 31.75% from the previous day (Tuesday), and up 96.15% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the 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 additional context, note that price has gone up 8 out of the past 14 days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14, 90 and 30 day charts, may be slowing down and ready to reverse.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From XrpJackson:
SEC didn’t go after Charlie Lee for dumping all his Litecoin in the 2018 bull run for $275 mill?WHY?
@bgarlinghouse @chrislarsensf @JoelKatz #xrp - From linkchainlink:
Sorry for getting greedy and trying to retire before 2021 @SergeyNazarov Send it now lad, my GFs husband bought Litecoin and he’s flexing his gains on me
$LINK - From BFrownfelterND:
@Adbb037 @CodeMonkeyZ @realDonaldTrump @ljcambria @litecoin_bull @RockinRon904LIF @Wick_UK SES agents for the crown, CFR agents for the crown, SERCO agent for the crown, et alHidden secrets … & it was Great Britain that created Saudi Arabia, & the ‘state’ of Israel … so did Israel really become a country again by GOD, or is it a counterfeit w/ counterfeit jews?