The Hourly View for LTC
Last Updated December 30, 2020, 04:016 GMT
Currently, Litecoin’s price is down $-1.02 (-0.78%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight down hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning below it. 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 back and forth price flow continues for Litecoin, which started today off at 128.68 US dollars, down 0.79% ($1.02) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.22% from the day before — and down 32.48% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
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 another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
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 Hall1984K:
@litecoin_bull I needed this message today. I’m always saying that one should never underestimate the power of planting a seed but even I have my moments where I just want to throw in the towel. I’m so grateful for u and everyone else who is here with me. We are all here to pick each other up💖
- From MASTERBTCLTC:
My top crypto holdings by current dollar value in my portfolio. $LTC 95%
$DOGE 5%I sold ALL of my bitcoin for litecoin & you should do the same Bitcoin is overpriced against litecoin - From DaddyCool1991:
Not sure what will happen after I go to sleep in a couple minutes, but maybe I’ll dream about #Litecoin taking over the #4 spotWe’ll see…
In terms of news links for Litecoin here’s one to try:
The Man Who Gave It All Up for Litecoin – Decrypt
John Kim: 100% committed to Litecoin….Image: John Kim “They called me a Litecoin evangelist….I believe the best way to get people into crypto is to show them an example and let them experience it for themselves,” Kim told Decrypt on a recent call from Texas, where he is weathering the coronavirus storm. He’s still homeless, has been criticized for being foolhardy and reckless, and admits that cryptocurrencies played a big part in the breakup of his marriage….Together with his wife, Kim had begun to invest in Bitcoin and Ethereum in 2017, and became increasingly drawn into the cryptocurrency world—much to the consternation of his family and friends. Kim with his son Jaedin, “Litecoin Evangelist Jr.” Image: John Kim Litecoin, in particular, attracted his attention….That’s how I was able to take 10 grand and build 15 businesses.” In Kim’s mind, going all-in on cryptocurrency presented the only opportunity to change the trajectory of not only his own life but the lives of his two sons….Next year, said Kim emphatically, Litecoin will hit three digits—at the very least.