Litecoin (LTC) Closes Prior Hour Up 0.25%; Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 14 Days

The Hourly View for LTC

Last Updated December 22, 2020, 07:016 GMT

Currently, Litecoin’s price is up $0.26 (0.25%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 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 is down 8.86% ($10.16) since yesterday, marking the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 0.91% from the day prior, and up 368.45% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

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

  • From DaddyCool1991:

    $51,000,000 is being sent every hour on average over the past 24 hours on the #Litecoin blockchain. It is being done at a median value per transaction of $39.89, for a measly median fee of $0.00078 per trx.THAT is advantageous utility in a nutshell
    THAT is value to invest in

  • From MASTERBTCLTC:

    @SatoshiLite @PayPal @Grayscale Litecoin is digital silver
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 9+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ Segwit
    ☑️ #1 alt on ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ PayPal Venmo
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MWEB
    ☑️ 100% uptime

  • From TheRealXinxi:

    Don’t hate me. Gold and silver won’t be replaced by digital gold and silver at least in the next few decades. They are quantum-resistant and 51% attack resistant. I’m still holding a lot of gold and silver options beside Bitcoin and Litecoin.