The Hourly View for LTC
Last Updated January 23, 2021, 02:050 GMT
At the moment, LTC’s price is down $-0.93 (-0.68%) 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 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 138.02 US dollars, up 6.36% ($8.25) since the previous day. This move happened on lower volume, as yesterday’s volume was down 2.27% from the day before — and down 5.94% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From cryptoble:
@RaoulGMI Vertcoin – uses the same underlying technology as Bitcoin and Litecoin, but with one key difference. It’s ASIC Resistant and thusly is fairer for the everyperson to mine and secure the network. It’s been around since 2014 and it’ll fork at end of month to make it fairer for GPUs!
- From rektcapital:
If you thought $LTC in the $120s was a gift…LTC under $120 should be a treasureDips are more than welcome before the next explosive leg up#Litecoin
- From ultimateviet:
Serious question WTF would anyone wait to buy LTC knowing it’s 1/4 coins listed on PayPal and ill be announced its accepted by millions of merchants worldwide. It’s the cheapest atm and fastest. I don’t care what price it is right now. The risk/reward is sick!
#Litecoin