The Hourly View for LTC

Last Updated July 22, 2021, 07:017 GMT

At the time of this writing, Litecoin’s price is up $0.7 (0.59%) from the hour prior. Litecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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’s 9 day negative streak has officially concluded, as the candle from yesterday closed up 9.61% ($10.31). The price move occurred on volume that was down 2.62% from the day prior, but up 42.91% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the 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 down. For another vantage point, consider that Litecoin’s price has gone down 17 of the previous 30 trading days. Those interested in trading off candles may wish to observe the emergence of a bullish engulfing pattern, which seems particularly noteworthy against the backdrop of a downtrend on the 14, 90 and 30 day time periods.

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 lite_hause:

    I once dm’d a very popular Bitcoin maxi (who’s done a lot for the space) and asked if he knew why Litecoin’s trading volume was so high relative to its market cap. Only response was “a lot of exchanges lie about volume”. That’s when I knew even “experts” can be highly ignorant.

  • From b_sord:

    Weekly update, The TGA reports that 399 Australian have died after recently receiving the Vaccine. These numbers are ones reported
    @PFP_Australia @Carmilla5 @petemcguiness @ProudOldSoldier @aussie_smitty @aus_spirit @AbbyBSord @OzraeliAvi @litecoin_bull @dnforca @TheFlatEartherr


    Litecoin could hit bitcoins 2017 price top divided by 4. That price would be $4960Few.

(Excerpt) Read more Here | 2021-07-21 19:47:02
Image credit: source


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