Litecoin (LTC) Closes Prior Hour Down -0.59%; in an Uptrend Over Past 90 Days, Moves Up For the 3rd Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated January 8, 2021, 22:16 GMT

At the time of this writing, Litecoin’s price is down $-1 (-0.59%) 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. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them 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 came into today up 0.23% ($0.39) from the open of the day prior, marking the 3rd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 42.46% from the previous day (Wednesday), and up 261.16% from Thursday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From MrFreshTime:

    @DaveLaForest22 @FlareNetworks @LTCFoundation @litecoin They run on Flare Network to XRPL for fXRP and flare to LTC for fLTC. XRPL only for FXRP. But fLTC will be able to be moved Trustlessly onto XRPL, too. F assets run on Flare Network. Read the blogs on website

  • From MASTERBTCLTC:

    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 charmander22:

    @litecoin_bull So true. So many are still so under the spell. Censoring the POTUS is so bad they don’t realise. The most powerful man in the world and they think they can do that. Normal people have no chance if anything ever goes wrong. Need to wake up fast.

As for a news story related to Litecoin getting some buzz:


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