The Hourly View for LTC
Last Updated January 12, 2021, 05:016 GMT
Currently, Litecoin’s price is down $-1 (-0.71%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head down. 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 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 the day prior, marking the 2nd consecutive day a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 83.7% from the day prior, and up 47.91% from the same day 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 day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
First things first: Litecoin crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.
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.