The Hourly View for LTC
Last Updated July 23, 2021, 02:048 GMT
At the moment, LTC’s price is up $0.18 (0.15%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 100 hour changed directions on LTC; it is now pointing up. 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 closed the previous day up 2.67% ($3.14); this denotes the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 42.03% from the day before — and down 19.59% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
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 additional context, note that price has gone down 10 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From hex_price:
Early 2020 my bags like #ADA #EOS #Litecoin were at -50% loss.
I was scared to sell in red to buy $HEX, but I did.
In retrospect one of the best decision in my life. - From LitecoinForever:
@BustaRhymes @jack @elonmusk @CathieDWood Litecoin is the right coin. Again here’s why you need to accumulate Litecoin
– MWEB (fungibility & privacy)
– High liquidity
– On every exchange
– Secure & safe to use
– Low TX fees
– Fast confirmations
– 100% uptime
– Decentralized
– Global adoption
– Store of value
$LTC 💎🙌 - From HODL_Til_Lambo:
@look2leap4 @DrDoubloon @SimplyCrypto4 @Michael29011011 @HarborTeaParty @Chuy338 @RegChavez3 @LadyDogeBugBird @GloryDoge @sgtesco @FadilijaS @Ghostbatman117 @SteveNi96234828 @bholman24930782 @DogeCoinMilitia @Outerspacefris1 @BigImpactHumans @SargentDoge @stephenAdoge @TravisNTravesty @TheOnlyFronk @AMBASSADORTOUSA @MsiJeremy @Pin86939060 @TheWiseCrow1 @jenifang @WeTheDoge1 @WhitneyWalker33 @Rooster_Pi @Toddwade69420 @Doge4faithfull @ImTravisG @thetradingalien @Pikadogee @arcadiisback @adoptmeelonmusk @JubaJeeves @HonestlyDoge @aaronjwithers @BeefSupreme1776 @TheOnlyPghTrish @calic415 @GIGACHAD2021 @iBeaQueen @DogecoinGalaxy @Lilmook4real @UrbanSymph @dogecoin @BITMAINtech @litecoin Dr. Doubloon these videos truly make my day brother! BOOM TO THE MOON! 😂🐶🌙