The Hourly View for LTC
Last Updated May 28, 2021, 01:016 GMT
Currently, Litecoin’s price is down $-0.35 (-0.18%) from the hour prior. This is the 2nd hour in a row Litecoin has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 downtrend 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 choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 199.17 US dollars, up 8.35% ($15.35) since yesterday. This move happened on lower volume, as yesterday’s volume was down 13.69% from the day before — and down 72.93% 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 clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From rektcapital:
$LTC needs to Monthly Close above $202 to preserve a decent amount of the bullish momentum it had lost during the crash#LTC is now at $201 and maintaining the highs well with only a few days left until the decisive Monthly Close #Litecoin
- From l3l2ucelee:
$LTC has been having so much going for it for a while… the community is thick & involved. You don’t have an Exchange if you don’t support Litecoin. I feel like it is primed to explode. And if you wanna troll, there is always room in the fud folder.
- From JohnkimLTC:
FYI:I did not get lucky. I have a special relationship with #Litecoin that involves sweat, tears, blood, and a broken heart.Without it, I would have never been able to retire and live my best life now. Thx @SatoshiLite for all you have done!
For a longer news piece related to LTC that’s been generating discussion, check out:
2 cryptocurrencies to buy in June: Litecoin and IOTA | Invezz
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