The Hourly View for LTC
Last Updated January 5, 2021, 12:16 GMT
Currently, Litecoin’s price is down $-1.46 (-0.94%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. 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’s 3 day positive streak has officially concluded, as the candle from the day prior closed down 3.61% ($5.83). As for how volume fared, yesterday’s volume was up 0.49% from the previous day (Sunday), and up 121.03% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 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 lite_hause:
Litecoin’s compatibility with Bitcoin is one of its best strength’s.Bitcoiners will say “I don’t care about other coins” until they see Litecoin implementing technology that could work on Bitcoin as well (SegWit, MWEB). They don’t pay attention—until they do.
- From no_tech19:
@litecoin_bull @MajorPatriot Come on it would have worked with the second dose, or the 30th dose, or an IV bag permanently attached to every human on the planet shooting $100 bills directly to the pharma headquarters. Then it will work.
- From THEREALTRDJ:
@E100919 @litecoin_bull We knew about Pence’s removal before he got removed.We knew way before GHWB Funeral.We knew Pence wouldn’t last long as VP when President Trump got elected in 2016.
As for a news story related to Litecoin getting some buzz:
Cardano: Hoskinson speaks about cooperation with Litecoin and IOTA
Giving an update, Hoskinson now stated that Litecoin is a cryptocurrency that does not adopt changes quickly which is why there aren’t big news yet….For this reason, Hoskinson is optimistic that the NiPoPoWs proposal will be implemented, although it may take some time to gain support….Hoskinson, however, clarified that they must first see if there is a protocol that allows for interoperability and if there is sufficient community support.
