LTC

The Hourly View for LTC

Last Updated June 16, 2021, 05:016 GMT

Currently, Litecoin’s price is up $0.13 (0.07%) from the hour prior. The hourly chart shows that Litecoin has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

175.24 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved down 2.63% ($4.73) from the day prior. This move happened on lower volume, as yesterday’s volume was down 30.53% from the day before — and down 60.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 18 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From JohnkimLTC:

    Everything i do and support in the #crypto space is to make #litecoin more relevant and useful. I already see things playing out in my mind. Flexa will make litecoin spendable at every major retail and on line stores. Few.

  • From MikeMcDonald89:

    Tell us what Jupiter’s 4th moon is doing and its ramifications for litecoin and we’ll entertain it indefinitely. But if your EVER shill a chain that we aren’t invested in then you’re dead to us.

  • From MASTERBTCLTC:

    Microstrategy buying more bitcoin is great for bitcoin obviously, it’s also great for litecoin as litecoin outperforms bitcoin during the bull markets.

(Excerpt) Read more Here | 2021-06-15 19:49:07
Image credit: source

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