Litecoin (LTC) Closes Prior Hour Down -0.36%; in an Uptrend Over Past 30 Days, Moves Up For the 2nd Straight Day

The Hourly View for LTC

Last Updated January 4, 2021, 01:016 GMT

Currently, Litecoin’s price is down $-0.57 (-0.36%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 came into today up 8.3% ($10.5) from the open of the day prior, marking the 2nd straight day an increase has occurred. The price move occurred on volume that was up 92.8% from the day prior, but down 7.77% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Litecoin.


Litecoin Technical Analysis

Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 additional context, note that price has gone up 18 out of the past 30 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:

    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:

    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.

  • From lite_hause:

    Next—Litecoin has no use case thus will go to zero:To answer this, one must first understand why Litecoin is the only coin aside from BTC to have survived 9 years and still be relevant. It’s the most time-tested after BTC. First, Litecoin has faster confirmations than BTC…

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

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