LTC

Litecoin – Litecoin (LTC) Closes Prior Hour Up 0.17%; But Still in an Uptrend Over Past 90 Days, Heads Down For the 2nd Straight Day, price Base in Formation Over Past 30 Days

The Hourly View for LTC

Last Updated January 27, 2021, 02:046 GMT

At the time of this writing, LTC’s price is up $0.22 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 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 came into today down 1.76% ($2.41) from the open of yesterday, marking the 2nd straight day a decline has happened. The price move occurred on volume that was up 40.34% from the day prior, but down 17.41% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 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 thorchain_org:

    . @SatoshiLite trying to build a bridge to litecoin, need some testnet litecoins. @litecoin @LitecoinDotCom @LTCFoundation could you help?Thanks! $LTC #LTC

  • From Hegelbon:

    @toiletgun I’m high risk. I’m an uncle. I’m seventy seven percent more likely to die from head trauma. I’m three feet tall. I roll around like a little ball to get from point A to point B. I have a million dollars in litecoin. I am an asymptomatic morgellons carrier.

  • From Thebluejay9:

    @litecoin_bull I would laugh but my neighbour already wears 2 at once. From choice. Even in the car on her own. Fauci will have to come up with something better, the crazies are already doing it 😂

In terms of news links for Litecoin here’s one to try:

Charlie Lee’s 9 Favorite Things About Litecoin – Decrypt

We’ve boiled his answers down into nice handy facts.  Bitcoin and Ethereum, the top two ranking cryptocurrencies by market cap, have both experienced downtime—but not Litecoin, according to Lee.   “Litecoin has been running nonstop for almost 10 years,” Lee told Decrypt….That’s not an option available to Bitcoin Cash, for example; like Bitcoin, it uses the SHA-256 algorithm, but only has around 2% dominance, making it vulnerable to attack….Currently, that’s not the case with Litecoin and Bitcoin,” said Lee.

(Excerpt) Read more Here | 2021-01-26 22:37:59
Image credit: source

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