The Hourly View for LTC
Last Updated April 19, 2021, 15:16 GMT
At the time of this writing, Litecoin’s price is up $0.46 (0.18%) 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 50 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 and 10 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 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 down 9.04% ($27.22) from the open of the previous day, marking the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.02% from the day prior, and up 211.89% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the previous day. Below is a 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 up. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From LitecoinForever:
- From FlyingCryptos:
Another thing I promise to upkeep always, even when this page gets big. Whenever someone tags me in their own good analysis or successful trade. I will respond. Unlike these high-follower accounts that ignore people winning (me) and others. It’s sad. No community. $LTC #litecoin
- From landforce: