LTC

The Hourly View for LTC

Last Updated June 28, 2021, 12:16 GMT

Currently, Litecoin’s price is up $0.06 (0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 100 hour changed directions on LTC; it is now pointing down. 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 came into today up 4.64% ($5.88) from the open of yesterday, marking the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 7.51% from the day before — and down 18.03% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Listen up. Litecoin at this price is a phenomenally great time to invest. The risk to reward is unreal. Meaning the risk is very low that the price won’t be much higher. The chances that litecoin price rises at least +10x between now & the end of 2022 are very likely.

  • From AkuRypto:

    Anyone who ever tried buying Bitcoin or Litecoin prior to major CEXes’ existence will understand the need that @THORChain fills in crypto.It is 100% necessary for permissionless access to internet money, and if THORChain didn’t create it, someone else eventually would.

  • From SirLitecoin:

    I love when people shit on $LTC when your favourite crypto has only been around for less than a year. Number of new wallet are increasing, hashrate is increasing and institutions love #Litecoin. Dont be deterred from its 2021 price action, watch the next 6 months. Cheers!

(Excerpt) Read more Here | 2021-06-27 19:49:21
Image credit: source

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