The Hourly View for LTC
Last Updated January 4, 2021, 21:16 GMT
At the time of this writing, Litecoin’s price is up $1.36 (0.9%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin is up 17.78% ($24.36) since the day prior, marking the 3rd consecutive day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 59.21% from the day prior, and up 11.25% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
Although Litecoin ended 2020 as one of the best performing crypto’s, there continues to be regurgitated fear mongering. With this thread, I’d like to answer doubts and misinformation so new people entering the space are better-informed.We’ll start off with Charlie selling ?
- From lite_hause:
can now proudly declare itself the oldest surviving cryptocurrency in the top 100 aside from BTC. This past decade, the market has found value in having a “Bitcoin Jr.” and as Litecoin’s Lindy effect continues to grow, I see it being a model for sound money for decades to come.
- From lite_hause:
time to earn those LTC’s. He had the right to sell his earned LTC’s—the same right any miner does. He created Litecoin, but he was a participant in the ecosystem like everyone else. TLDR: Lee selling made the network more decentralized and Lee has now worked on LTC full time.
In terms of news links for Litecoin here’s one to try:
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