The Hourly View for LTC
Last Updated January 14, 2021, 03:017 GMT
Currently, Litecoin’s price is up $0.09 (0.06%) from the hour prior. This is the 2nd straight hour Litecoin has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 10.55% ($14.08) since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on lower volume, as yesterday’s volume was down 32.17% from the day before — and down 33.18% from the same day the week before. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 20 day moving average yesterday. 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 9 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From jaredctate:
Right now I use @brave web browser, @signalapp for secure group & personal chats. @telegram for mass chat, @ProtonMail for encrypted email @ubuntu to get away from Apple/Google. #Bitcoin #DigiByte & #Litecoin for payments/ value store. Get outside of BigTech/ BigBank censorship.
- From Polkahontas_B:
On this day in 2017, $LTC was $3.89, with a MC of $191m, soon to go on to doing a high of circa $375. $Nano is $3.30 today, with a supply around 2x that of litecoin. $100 shouts this cycle for $Nano is pure FUD. This is going to the moon! 🚀
- From ultimateviet:
Im 99% LTC and 1% Fiat and living paycheck to paycheck at the moment. This is not recommended and highly risky. Not financial advice.
As for a news story related to Litecoin getting some buzz:
Though bitcoin’s rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as “altcoins” whose prices have yet to clear all-time highs from years past. Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000….“But the recent week or so has seen a rise in our institutional clientele’s demand and interest in altcoins, with the balance being almost 50/50 at certain times.” Bitpanda, an Austrian cryptocurrency platform, has seen bitcoin drop to between 30% and 40% of customer purchases this year, from 40% to 50% last year, according to a spokeswoman. “We have a big influx of users, and they are trading both bitcoin and altcoins,” the spokeswoman, Sara Moric, said in an email.