LTC

The Hourly View for LTC

Last Updated January 13, 2021, 04:017 GMT

At the time of this writing, Litecoin’s price is down $-0.75 (-0.56%) 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 came into today down 4.37% ($6.09) from the open of the previous day, marking the 3rd consecutive day it has gone down. The price move occurred on volume that was down 54.64% from the day prior, but up 8.76% 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 previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • 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 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.

  • From lite_hause:

    I’m writing this as an open discussion. I’m highly convinced the reason is “they don’t own Litecoin thus don’t mention it”, but now the question is—why don’t they own it or what don’t they understand about it? And.. how can this be fixed?

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%.

(Excerpt) Read more Here | 2021-01-12 19:47:00
Image credit: source

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