The Hourly View for LTC
Last Updated December 10, 2020, 13:16 GMT
At the time of this writing, LTC’s price is down $-0.19 (-0.25%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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 entered today at $77.45, up 0.93% ($0.71) from yesterday. The change in price came along side change in volume that was up 6.96% from previous day, but down 40.28% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From l3l2ucelee:
I was buying Litecoin from $99 to $350 dawg and all the way back down… if the shakeout to $22 didn’t make me quit, haters should realize I’m here for the long haul. I’m here to accumulate because the upside is so enormous, those buy levels wont be significant.
- From MASTERBTCLTC:
Litecoin is digital silver
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 9+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ Segwit
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Oscillator
☑️ PayPal Venmo
☑️ Atomic swaps
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime - From markrcrypto:
1 $LTC = 3 $DCR Today – Make that trade #Litecoin holders before 1 #LTC = 1 $DCR Its imminent. Feel revitalised invested in a project with real development going on and a massive upside. #Decred Don’t read this again when $LTC and $DCR have parity. You’re Welcome.
For a longer news piece related to LTC that’s been generating discussion, check out:
Bitcoin, Litecoin And Monero Luminaries Invest In Historic Crypto-Securities Offering
On the evening of October 28, the creator of the $5.2 billion cryptocurrency litecoin, Charlie Lee, received stock in a little-known video game startup called Exordium, using technology built on the bitcoin blockchain….Modeled after traditional equities agreements, the contract is designed to ensure tokens issued on a blockchain, similar to bitcoin, comply with U.S. securities regulations….After marking the tokens with a code that means only other investors with the same code can trade it, creating the first half of the white list, Alves Dias prepared to grant Lee the same credentials, the penultimate step in the transaction….After comparing the code in the EXO tokens with the code in Lee’s wallet, the software sent a message to the AMP platform’s underlying technology, called the Liquid Network, a separate blockchain that sits on top of the bitcoin blockchain….But if more people are adopting security token offerings, and these tokenized platforms where they can solicit investments from the market, then it democratizes the whole investment process.” In addition to being the CSO of Blockstream, in 2011 Mow founded Shanghai, China-based Pixelmatic, which developed the first video game Exordium will publish, called Infinite Fleet….Liquid also has its own cryptocurrency, called liquid bitcoin.