Litecoin (LTC) Price Near $128.43; Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated December 30, 2020, 06:016 GMT

Currently, Litecoin’s price is down $-0.27 (-0.21%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 100, 20 and 50 hour changed directions on LTC; they are now pointing up. 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

128.68 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 0.79% ($1.02) from yesterday. 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 yesterday. The daily price chart of Litecoin below illustrates.

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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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

Menu Reading Search About In August 2018, John Kim sold his house and gave the proceeds to his wife….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.  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….Whether LTC reaches triple digits or not next year, one thing is for sure, per Kim, “I know nobody is willing to go as far as I’m going to go to show the world.” Read on the Decrypt App for the best experience.