The Hourly View for LTC
Last Updated June 28, 2021, 01:016 GMT
Currently, Litecoin’s price is up $0.03 (0.02%) 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 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 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
The back and forth price flow continues for Litecoin, which started today off at 126.75 US dollars, up 1.24% ($1.55) from the day prior. The change in price came along side change in volume that was down 18.3% from previous day, but up 29.79% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
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 up 7 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about 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 LitecoinSean:
@MASTERBTCLTC Bought another 15 last night. It’s hard buying with recent price disappointment and always wondering if it will pay off, but what gets me is fundamentals remain the same, liquid, fast, cheap, 100% uptime,10yr history. It just works. I’ve only been buying Litecoin and Digibyte.
- From stack2thefuture:
I know we all hate on ETH and bcash but legit my biggest beef has always been with Litecoin.I hate that shit with the passion of a thousand suns 😂