Litecoin (LTC) Closes Prior Hour Up 0.78%; Moves Up For the 4th Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated September 28, 2020, 13:15 GMT

At the moment, LTC’s price is up $0.36 (0.78%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin closed the day prior up 0.07% ($0.03); this denotes the 4th consecutive day it has gone up. The change in price came along side change in volume that was up 10.13% from previous day, but down 26.64% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior 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 20 day averages, located at 47.2 respectively, and thus may be at a key juncture along those timeframes. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 16 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:


    @litecoin_bull @TG4FAVOR @JSWDH1 @JoeyBurges Truth be told it’s been hard to us to keep track of what Q has been doing since almost all of 2019 because we have been too busy along with being barely able to remember what day is what.

  • From lite_hause:

    I’m extremely excited to see Mimblewimble on Litecoin via EB’s.Some of the most renown BTC contributors (G. Maxwell, Adam Back, A. Poelstra, J. Lau, etc.) contributed to even making this possible.To finally see this tech live on Litecoin will be of historical importance.

  • From GeorgeBLE17:

    #Litecoin #MimbleWimble – this groundbreaking work being established is gonna be on testnet sometime end of September. Beyond excited what this will do. More people will eventually understand why privacy matters. Thank you @DavidBurkett38 / everyone involved in making this happen