The Hourly View for LTC
Last Updated December 21, 2020, 15:16 GMT
At the time of this writing, LTC’s price is down $-1.92 (-1.74%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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
The end of a 4 day positive run has come for Litecoin, which finished the previous day down 4.41% ($5.29). The price move occurred on stronger volume; specifically, yesterday’s volume was up 6.53% from the day prior, and up 291.85% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 18 of the previous 30 trading days.
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:
@SatoshiLite @PayPal @Grayscale 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 AMERICANHODL2:
Memes save time. 2017: ok listen you don’t want to buy litecoin because it’s just a copy paste and the “it’s faster” thing is a red herring because…2021: lol litecoin? Have fun staying poor.
- From matiwinnetou:
The longer crypto is around the more users it has.#Litecoin has 814k accounts with value over $100
#Cardano has 312k accounts with value over $100Why is Cardano’s market value just a little bit smaller than Litecoin’s? I think it is because of so called “story”, potential.
As for a news story related to Litecoin getting some buzz:
Bitcoin Stabilizes After $1K Intraday Correction: Litecoin Spikes Above $120 (Market Watch)
Some large-cap altcoins such as Binance Coin and Litecoin have doubled-down on their recent gains, with BNB nearing $35 and LTC painting a new yearly high of over $120….LTC is up by nearly 15% since yesterday and marked another yearly high of $124 a few hours back.