Litecoin (LTC) Closes Prior Hour Up 3.33%; in an Uptrend Over Past 30 Days, Heads Down For the 3rd Consecutive Day

The Hourly View for LTC

Last Updated January 13, 2021, 03:017 GMT

Currently, Litecoin’s price is up $4.39 (3.33%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin closed the day prior down 4.37% ($6.09); this denotes the 3rd consecutive day it has gone down. The price move occurred on volume that was down 54.64% from the day prior, but up 8.76% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

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

  • From AquamanSSN:

    @THEREALTRDJ @litecoin_bull You have both given a “Use discretion” with Simon Parkes and Robert D Steele at least on one occasion. Those two and Charlie Ward have done a least one video. I have never had a good gut about RDS. Does your discretion warning extend to CW as well?

  • From CoinPayU:

    Recent system update:Dogecoin,Litecoin, Faucetpay mini withdrawal reduced to 3000,3000,4000 satoshi each.The video advertising bug fixed.Ads statistic page speed improved.

  • From Moonchaser2020:

    @KarinLatz Definitely all eyes on Flare Networks! A real game changer in the Defi & smart contract space. Now with their integration of Litecoin & potentially others down the track… All I can say is the future is very bright and bullish.

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

Litecoin Climbs 10% As Investors Gain Confidence By Investing.com

It has traded in a range of $112.8969 to $185.6710 in the past 7 days….Ethereum was trading at $1,074.53 on the Investing.com Index, a gain of 8.96%.