Litecoin (LTC) Closes Prior Hour Down -0.23%; in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated December 30, 2020, 03:017 GMT

At the time of this writing, Litecoin’s price is down $-0.3 (-0.23%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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

128.68 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 0.79% ($1.02) from yesterday. This move happened on lower volume, as yesterday’s volume was down 22.22% from the day before — and down 32.48% from the same day 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 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 18 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From Hall1984K:

    @litecoin_bull I needed this message today. I’m always saying that one should never underestimate the power of planting a seed but even I have my moments where I just want to throw in the towel. I’m so grateful for u and everyone else who is here with me. We are all here to pick each other up💖

  • From MASTERBTCLTC:

    My top crypto holdings by current dollar value in my portfolio. $LTC 95%
    $DOGE 5%I sold ALL of my bitcoin for litecoin & you should do the same Bitcoin is overpriced against litecoin

  • From DaddyCool1991:

    Not sure what will happen after I go to sleep in a couple minutes, but maybe I’ll dream about #Litecoin taking over the #4 spotWe’ll see…

For a longer news piece related to LTC that’s been generating discussion, check out:

The Man Who Gave It All Up for Litecoin – Decrypt

John Kim: 100% committed to Litecoin….Image: John Kim “They called me a Litecoin evangelist….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.  Kim with his son Jaedin, “Litecoin Evangelist Jr.” Image: John Kim 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.