Litecoin (LTC) Closes Prior Hour Up 2.37%; Heads Up For the 3rd Straight Day

The Hourly View for LTC

Last Updated December 27, 2020, 02:045 GMT

Currently, LTC’s price is up $3.14 (2.37%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 closed yesterday up 1.47% ($1.87); this denotes the 3rd straight day it has gone up. As for how volume fared, yesterday’s volume was up 14.42% from the previous day (Friday), and up 31.82% from Saturday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From l3l2ucelee:

    I made my Litecoin Fud Folder for three reasons… 1. To document Litecoin’s journey of FUD.2. To show people not to listen to what other people say.3. When Litecoin’s success becomes clear, people are going
    to pretend like it was obvious & we got lucky.

  • From DigiBurr:

    @intocryptoverse I sure as hell hope it’s Link and Eth. Litecoin might do it too.Of course, it may just be bitcoin. Right now it feels like an unstoppable freight train. I keep waiting for it to chill so alts can pump, but bitcoin has no chill.

  • From UltraXBT:

    Looks like we range. Much better than rejecting $25k but a little boring. It may roll over soon, but I doubt it goes under mid $23k before it cracks $26k.Alts look toppy across the board, except for Litecoin, which looks indecisive