The Hourly View for LTC
Last Updated January 8, 2021, 03:017 GMT
Currently, Litecoin’s price is up $2.65 (1.72%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Litecoin has now gone down 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 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 closed the previous day up 0.23% ($0.39); this denotes the 3rd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 42.46% from the day prior, and up 261.16% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 20 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 MASTERBTCLTC:
Litecoin is digital silver
☑️ 4x faster blocks
☑️ digital silver
☑️ 9+ yrs
☑️ no premine
☑️ King of Scrypt
☑️ No satoshi stash
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ PayPal Venmo
☑️ Atomic swaps
☑️ 100% uptime
- From rektcapital:
If $ETH looks set to break its old All Time High of ~$1400…And $LTC is lagging behind ETHWhat do you think will happen to Litecoin and its old All Time High of ~$420?
- From m_kinnin:
I want to remind everyone, this battle is Satan VS God.
Satan also thought he won when Christ was crucified. Within 3 days he found out he actually lost. God raised Trump for this mission, he is not finished.
@litecoin_bull @ialmComKw @THEREALTRDJ
For a longer news piece related to LTC that’s been generating discussion, check out:
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