Litecoin price – Litecoin (LTC) Closes Last Hour Down $-0.07; in an Uptrend Over Past 14 Days, price Base in Formation Over Past 30 Days | Fintech Zoom

The Hourly View for LTC

Last Updated February 9, 2021, 02:050 GMT

At the moment, LTC’s price is down $-0.07 (-0.04%) from the hour prior. This is the 2nd straight hour LTC has seen its price head down. 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 LTC. Given that we see an uptrend on the 20 and 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 167.57 US dollars, up 10.97% ($16.56) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 68.6% from the day prior, and up 134.34% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them.

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 CryptoKaleo:
  

  Now is the time to stack $LTC. Litecoin has vertical moves, usually from points of max pain vs. $BTC. When it finally goes off, it’ll move faster than you have time to FOMO into it. Buy a little each day now. Thank yourself later.

• From LilMoonLambo:
  

  Litecoin $LTC is the sleeper from the Tesla news that they will start accepting crypto as paymentIf Tesla does use BitPay, and Litecoin is already the third most popular cryptocurrency used on there behind $BTC and $ETH, it could bring a lot of attention to it ?

• From DGB_LTC_J:
  

  Dear $DOGE new people..
  Do you know that Dogecoin only exists today due to Litecoin and Digbyte saving it? Litecoin merge mines it and Digbyte shared some technology to save it some years ago.Unlike Doge though Litecoin and Digbyte is scarce.. Limited supply.