The Hourly View for LTC
Last Updated February 9, 2021, 02:050 GMT
At the moment, LTC’s price is down $-0.07 (-0.04%) from the hour prior. This is the 2nd straight hour LTC has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see an uptrend 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
The back and forth price flow continues for Litecoin, which started today off at 167.57 US dollars, up 10.97% ($16.56) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 68.6% from the day prior, and up 134.34% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them.
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 CryptoKaleo:
- From LilMoonLambo:
- From DGB_LTC_J:
Tags: Litecoin price