Litecoin (LTC) Closes Prior Hour Down -1.27%; Breaks Below 20 Day Average, Makes Big Move Relative to Two Week Trend, Moves Down For the 2nd Consecutive Day

The Hourly View for LTC

Last Updated January 12, 2021, 04:017 GMT

At the time of this writing, Litecoin’s price is down $-1.79 (-1.27%) 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 50 hour timeframe. 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

Litecoin came into today down 18.1% ($30.84) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. As for how volume fared, yesterday’s volume was up 83.7% from the previous day (Sunday), and up 47.91% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 day moving average yesterday. 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 7 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From Mycoteric:

    Public reminder that Quant Network $QNT’s market cap is only $185 million dollars.Dogecoin is currently at over a BILLION dollars.A meme coin is priced more then a global interoperable liquid operating system.When QNT reaches just Litecoin’s mktcap (lol) it’s $600 each.

  • From alexjohnward:

    $Nano can be a cruel mistress, once you know her, you can’t go back to legacy money. I hate using old money now. Ignorance is bliss sometimes, I remember thinking Visa was fast, that Litecoin was cheap.Avoid $nano if you want to stay blissfully unaware of your own potential.

  • From musikbagus:

    Now people are worried that Google and Apple will remove crypto apps. That’s why for daily transactions people should not only depend on apps on centralized mobile OS. Consider using hardware wallets or cards such as #litecoin @terniotoken and @PundiXLabs #XPASS #XPOS.