The Hourly View for LTC
Last Updated April 26, 2021, 04:016 GMT
At the time of this writing, Litecoin’s price is up $0.29 (0.12%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend 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 an uptrend on the 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 is down 0.56% ($1.27) since yesterday, marking the 9th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 13.03% from the day before — and down 78.64% 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From JohnkimLTC:
I can honestly say I have a different relationship with my #Litecoin. My blood sweat and tears went into acquiring and hodling it. I feel like I’ve earned every “Łite”
that I have in my possession. The success of $LTC means so much more than the usd value of it.
- From sethforprivacy:
6/ Thinking that coins that I could have “a lot” of would be more valuable long term.This pulled me into clear scams like TRON along with zombie chains like Litecoin. Once you realize that Bitcoin etc. are divisible it helps get past the “I need 1mil coins!” phase.
- From MASTERBTCLTC:
Lots of people always tell me that I’m being to risky holding 100% of my net worth in litecoin. Little do they know that they’re taking way more risk holding 100% of their wealth in fiat.#LTC🚀 #Litecoin🚀
As for a news story related to Litecoin getting some buzz:
Although not much is known about the current landscape, some recent developments are worth paying attention to. Asia has been a relatively problematic region for cryptocurrencies over the years….One of the local gaming stores has integrated support for four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Icon.