The Hourly View for LTC
Last Updated July 13, 2021, 02:048 GMT
At the time of this writing, LTC’s price is down $0 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 LTC. Given that we see downtrend on the 20 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
133.43 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 0.57% ($0.76) from the previous day. The price move occurred on volume that was down 3.49% from the day prior, but up 4.95% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 day averages, located at 135.8 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
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 FakeNewsDOTNews:
#Dogecoin has a market cap 3X that of Litecoin yet #Litecoin outpaces Dogecoin in ALL metricsDogecoin relies on Litecoin mining! AND
there are only 84 million Litecoin to be mined EVER and there are 130 BILLION Dogecoin
But Elon?
@MASTERBTCLTC @SatoshiLite @jonnylitecoin - From Dash_Community:
#Litecoin $LTC works decent for payments, but has shown in 2018 to perform poorly under tx spikes, with dropped payments and fees going to almost $2! 😱 It also takes ~2.5 minutes to get a conformation, even longer before a payment is considered secure (though never final).
- From DareParah:
Hey @ChopstixHerself, id love to throw you a pitch on @LitecoinGaming. The accomplishments made in just a week were insane. Getting you involved would just be another great move on our journey! Dm’s? #GameWithLitecoin #Litecoin #LTC