Litecoin (LTC) Closes Prior Hour Down -1.19%; Heads Up For the 2nd Consecutive Day

The Hourly View for LTC

Last Updated January 15, 2021, 03:016 GMT

At the moment, Litecoin’s price is down $-1.83 (-1.19%) 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 is up 3.4% ($5.01) since yesterday, marking the 2nd consecutive day an upward move has occurred. The change in price came along side change in volume that was up 0.26% from previous day, but down 52.97% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From lite_hause:

    Coming soon to a Litecoin near you ‡️
    πŸ₯MWEB
    πŸ₯ CTV
    πŸ₯Venmo support
    πŸ₯ Lightning Network wallet
    πŸ₯ .Crypto wallet addresses on Litewallet
    πŸ₯ $WLTC
    πŸ₯ Flare airdrop
    πŸ₯ Possible ADA interoperability
    πŸ” 10th πŸŽ‚

  • From duganist:

    It occured to me that bitcoin fees may make oracle contracts less attractive to run on that chain. Whereas on Litecoin we can print an index every block and it’s not such a big deal, publishing address needs no ref. addr. for that tx so there’s no dust waste. We can fill blocks.

  • From myshell77140299:

    @WPrincess76 You have been a true patriot and have supported everyone else who was teetering on the edge. I have remained in the background Your passion as well as the judges & litecoin pushed me to take a step forward thank you all