Litecoin (LTC) Closes Prior Hour Down -0.6%; in an Uptrend Over Past 90 Days, Moves Down For the 3rd Consecutive Day

The Hourly View for LTC

Last Updated January 13, 2021, 02:047 GMT

Currently, LTC’s price is down $-0.78 (-0.6%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin is down 4.37% ($6.09) since the day prior, marking the 3rd consecutive day it has gone down. The change in price came along side change in volume that was down 54.64% from previous day, but up 8.76% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.

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 up 19 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 AquamanSSN:

    @THEREALTRDJ @litecoin_bull You have both given a “Use discretion” with Simon Parkes and Robert D Steele at least on one occasion. Those two and Charlie Ward have done a least one video. I have never had a good gut about RDS. Does your discretion warning extend to CW as well?

  • From CoinPayU:

    Recent system update:Dogecoin,Litecoin, Faucetpay mini withdrawal reduced to 3000,3000,4000 satoshi each.The video advertising bug fixed.Ads statistic page speed improved.

  • From Moonchaser2020:

    @KarinLatz Definitely all eyes on Flare Networks! A real game changer in the Defi & smart contract space. Now with their integration of Litecoin & potentially others down the track… All I can say is the future is very bright and bullish.

For a longer news piece related to LTC that’s been generating discussion, check out:

Litecoin Climbs 10% As Investors Gain Confidence By Investing.com

It has traded in a range of $112.8969 to $185.6710 in the past 7 days….Ethereum was trading at $1,074.53 on the Investing.com Index, a gain of 8.96%.