The Hourly View for LTC
Last Updated January 8, 2021, 02:048 GMT
Currently, LTC’s price is down $-6.32 (-3.82%) from the hour prior. LTC has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Litecoin Daily Price Recap
Litecoin came into today up 0.23% ($0.39) from the open of the previous day, marking the 3rd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 42.46% from the day prior, and up 261.16% 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. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 10 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MASTERBTCLTC:
Litecoin is digital silver
☑️ 4x faster blocks
☑️ digital silver
☑️ 9+ yrs
☑️ no premine
☑️ King of Scrypt
☑️ No satoshi stash
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ PayPal Venmo
☑️ Atomic swaps
☑️ 100% uptime
- From rektcapital:
If $ETH looks set to break its old All Time High of ~$1400…And $LTC is lagging behind ETHWhat do you think will happen to Litecoin and its old All Time High of ~$420?
- From m_kinnin:
I want to remind everyone, this battle is Satan VS God.
Satan also thought he won when Christ was crucified. Within 3 days he found out he actually lost. God raised Trump for this mission, he is not finished.
@litecoin_bull @ialmComKw @THEREALTRDJ
For a longer news piece related to LTC that’s been generating discussion, check out:
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