The Hourly View for LTC
Last Updated January 5, 2021, 03:016 GMT
At the time of this writing, Litecoin’s price is up $1.41 (0.92%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 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
The end of a 3 day positive run has come for Litecoin, which finished the previous day down 3.61% ($5.83). The price move occurred on stronger volume; specifically, yesterday’s volume was up 0.49% from the day prior, and up 121.03% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 18 them.
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 THEREALTRDJ:
@E100919 @litecoin_bull We knew about Pence’s removal before he got removed.We knew way before GHWB Funeral.We knew Pence wouldn’t last long as VP when President Trump got elected in 2016.
- From Sagar67931884:
@litecoin_bull @Adbb037 Yes Friend. There are 0 Coincidences. Like always bots wayy AHEAD of the 🎯
What is to come in next decade very well may be the biggest change mankind HAS-Hasn’t thought of Since the Internet Really.
Bots tell US ALL That from comfort of our couch at home! 🤖💥🤖 @litecoin_bull🙏
- From lite_hause:
@MycolePawket @SatoshiLite Nano appears to be a great crypto, but sadly does not have the liquidity and ease-of-access that it does compared to Litecoin. For there to be mass-adoption, there need to be many fiat to crypto on-ramps and Nano lacks that.
In terms of news links for Litecoin here’s one to try:
For this reason, Hoskinson is optimistic that the NiPoPoWs proposal will be implemented, although it may take some time to gain support….Hoskinson, however, clarified that they must first see if there is a protocol that allows for interoperability and if there is sufficient community support….In addition, Hoskinson emphasized that a key aspect of building an interoperable cross-chain bridge is collaboration, which is why he stressed several times that there must be community adoption to support the project.