Litecoin (LTC) Closes Last Hour Up $0.75; Makes Big Move Relative to Two Week Trend, Heads Down For the 2nd Consecutive Day, Breaks Below 20 Day Average

The Hourly View for LTC

Last Updated January 12, 2021, 03:016 GMT

At the time of this writing, Litecoin’s price is up $0.75 (0.55%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on LTC; it is now pointing down. 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 closed the day prior down 18.1% ($30.84); this denotes the 2nd consecutive day a decrease has occurred. As for how volume fared, yesterday’s volume was up 83.7% from the previous day (Sunday), and up 47.91% from Monday of 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. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From Mycoteric:

    Public reminder that Quant Network $QNT’s market cap is only $185 million dollars.Dogecoin is currently at over a BILLION dollars.A meme coin is priced more then a global interoperable liquid operating system.When QNT reaches just Litecoin’s mktcap (lol) it’s $600 each.

  • From alexjohnward:

    $Nano can be a cruel mistress, once you know her, you can’t go back to legacy money. I hate using old money now. Ignorance is bliss sometimes, I remember thinking Visa was fast, that Litecoin was cheap.Avoid $nano if you want to stay blissfully unaware of your own potential.

  • From musikbagus:

    Now people are worried that Google and Apple will remove crypto apps. That’s why for daily transactions people should not only depend on apps on centralized mobile OS. Consider using hardware wallets or cards such as #litecoin @terniotoken and @PundiXLabs #XPASS #XPOS.