Litecoin (LTC) Closes Last Hour Down $-0.30; in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated January 2, 2021, 02:048 GMT

At the time of this writing, LTC’s price is down $-0.3 (-0.24%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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

126.49 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved up 1.7% ($2.11) from the previous day. The price move occurred on volume that was up 20.67% from the day prior, but down 45.27% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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 hus_qy:

    @stxnews1 @mcelroy_sg @iota_penguin @42_paradox The current network utilization is around 6 TPS but we have a capacity of 1500 TPS.But even the current utilization is not that bad compared to other projects.Its :- 5400% more than Polkadot
    – 2400% more than Cardano
    – 1000% more than Litecoin
    – … this list could go on

  • From jeremy_hume:

    @SharronG15 @THEREALTRDJ @CromwellStuff @TIKPAQ @Mareq16 @BoardroomBoy @LBilderberg @Stanhope2011VJ @mmjblair @mik61scot @litecoin_bull @haynesnell1963 @CSNZQ The lockdown in Spain was extremely strict. In Spain masks must be worn inside and outdoors. Despite this Spanish cases rose sharply in October. Mandatory distancing/mask wearing does not work. Boris’s coronavirus restrictions will achieve very little, they will make us poorer.

  • From litecoinforever:

    Litecoin’s value proposition:
    – High liquidity & on every exchange
    – SEC safe “Not a Security”
    – 350m @PayPal users
    – @Grayscale LTCN +2389%
    – 99% Scrypt hashrate dominance
    – MWEB fungibility/privacy
    – Low fees & fast txns
    – $500b+ value transferred
    – Since 2011 100% uptime

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

The Man Who Gave It All Up for Litecoin – Decrypt

Menu Reading Search About In August 2018, John Kim sold his house and gave the proceeds to his wife….I believe the best way to get people into crypto is to show them an example and let them experience it for themselves,” Kim told Decrypt on a recent call from Texas, where he is weathering the coronavirus storm.  He’s still homeless, has been criticized for being foolhardy and reckless, and admits that cryptocurrencies played a big part in the breakup of his marriage….Together with his wife, Kim had begun to invest in Bitcoin and Ethereum in 2017, and became increasingly drawn into the cryptocurrency world—much to the consternation of his family and friends.  Litecoin, in particular, attracted his attention….That’s how I was able to take 10 grand and build 15 businesses.”  In Kim’s mind, going all-in on cryptocurrency presented the only opportunity to change the trajectory of not only his own life but the lives of his two sons….Next year, said Kim emphatically, Litecoin will hit three digits—at the very least….Whether LTC reaches triple digits or not next year, one thing is for sure, per Kim, “I know nobody is willing to go as far as I’m going to go to show the world.” Read on the Decrypt App for the best experience.