Litecoin (LTC) Closes Prior Hour Up 0.3%; Heads Up For the 2nd Consecutive Day, in an Uptrend Over Past 30 Days

The Hourly View for LTC

Last Updated January 7, 2021, 03:017 GMT

At the moment, Litecoin’s price is up $0.51 (0.3%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 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 6.56% ($10.42) since yesterday, marking the 2nd consecutive day it has gone up. As for how volume fared, yesterday’s volume was up 10.4% from the previous day (Tuesday), and up 90.61% from Wednesday of the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during yesterday. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From floflo89987848:

    @nebraskangooner I m very bullish on litecoin I saw with my eyes in 2017 how from 2$ in January 2017went to 400$ in December 2017 .Now we are at the price in January 2020 on 173 $ and we just start the year so until the end of 2021 is gonna be minimum 2500$

  • From MASTERBTCLTC:

    When you onboard new people into crypto I tell them to buy litecoin. It’s undervalued compared to bitcoin. Plus if bitcoin drops here that will flow into litecoin It’s a smart investment

  • From chad_alt:

    the REAL 4D Chess™ last few months:”ok litecoin’s dumb Digital Silver narrative is super stupid, no way wall street would go for that, maybe retail but they’re just a tiny sliver of the market”<checks twitter, Barry owns a bunch><buys a bunch of litecoin for self>😏👌

For a longer news piece related to LTC that’s been generating discussion, check out:


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