Litecoin Price Recap
Litecoin is up 0.73% since yesterday, marking day in a row an upward move has occurred. The price move occurred on volume that was down 9.73% from the day prior, but up 308.74% from the same day the week before. On a relative basis, yesterday was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 The price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 and 30 day timeframes. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From cryptorecruitr:
⚡️I had a dream that Litecoin was back above $100 and my pinned tweet was relevant again
- From johnkim77:
Litecoin is the leading indicator for Bitcoin! Don’t @ me
- From MASTERBTCLTC:
Well hello $50 litecoin This is just the beginning of a 2 year bull market Quietly accumulating more Target $2500-3750 in 2021
For a longer news piece related to LTC that’s been generating discussion, check out:
“Litecoin is the silver to Bitcoin’s gold….It has taken 2nd place in digital currency because it was created early and it was fair.” Litecoin is designed to produce more coins than Bitcoin (84 million total) and to create them four times as fast….I’m not the best person to ask when to buy or sell.” Litecoin investors say they are hedging their cryptocurrency bets or that they got in because they think the rising Bitcoin tide will lift other altcoin boats.”I had been watching Litecoin for months to make sure it wasn’t another pump and dump like many altcoins,” says one investor who jumped in this fall when Litecoin was around $4….”I decided to buy litecoin because I figured if Visa and Mastercard can coexist so can bitcoin and litecoin.” Nakamoto may have kept his identity under wrap because he feared governments coming after him for creating a currency that could be used on black markets or for money laundering….Lee designed Litecoin because he wanted to make a better Bitcoin — faster, more efficient and more democratic in wealth distribution — but he doesn’t expect it to kill Bitcoin.