The Hourly View for LTC
Last Updated January 5, 2021, 02:047 GMT
At the time of this writing, LTC’s price is down $-3.35 (-2.13%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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 is down 3.61% ($5.83) since the previous day, marking a reversal from the day prior — and the end of a 3 day positive run. As for how volume fared, yesterday’s volume was up 0.49% from the previous day (Sunday), and up 121.03% from Monday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.
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 30 days Litecoin’s price has gone up 18 them.
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 THEREALTRDJ:
@E100919 @litecoin_bull We knew about Pence’s removal before he got removed.We knew way before GHWB Funeral.We knew Pence wouldn’t last long as VP when President Trump got elected in 2016.
- From Sagar67931884:
@litecoin_bull @Adbb037 Yes Friend. There are 0 Coincidences. Like always bots wayy AHEAD of the 🎯
What is to come in next decade very well may be the biggest change mankind HAS-Hasn’t thought of Since the Internet Really.
Bots tell US ALL That from comfort of our couch at home! 🤖💥🤖 @litecoin_bull🙏
- From lite_hause:
@MycolePawket @SatoshiLite Nano appears to be a great crypto, but sadly does not have the liquidity and ease-of-access that it does compared to Litecoin. For there to be mass-adoption, there need to be many fiat to crypto on-ramps and Nano lacks that.
For a longer news piece related to LTC that’s been generating discussion, check out:
For this reason, Hoskinson is optimistic that the NiPoPoWs proposal will be implemented, although it may take some time to gain support….Hoskinson, however, clarified that they must first see if there is a protocol that allows for interoperability and if there is sufficient community support….In addition, Hoskinson emphasized that a key aspect of building an interoperable cross-chain bridge is collaboration, which is why he stressed several times that there must be community adoption to support the project.