The Hourly View for LTC
Last Updated April 27, 2021, 04:017 GMT
At the moment, Litecoin’s price is down $-0.02 (-0.01%) from the hour prior. This is the 2nd consecutive hour 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 20 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 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
Litecoin’s 9 day negative streak has officially concluded, as the candle from the previous day closed up 10.55% ($23.63). The price move occurred on volume that was up 54.8% from the day prior, but down 35.45% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 up 16 out of the past 30 days.
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 MASTERBTCLTC:
#Litecoin
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 9+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ Segwit
☑️ #1 alt on ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Grayscale & Blockfi Trust
☑️ PayPal / Venmo
☑️ Litecoin ETP $LITE
☑️ ⚡️
☑️ MWEB
☑️ 100% uptime - From OKCoin:
While $DOGE did start as a joke (so wow) in 2013, it’s now the seventh #cryptocurrency by market cap in the entire world. It shares a lot of its fundamentals with other cryptos, particularly #Litecoin. But with a couple of key differences. (3/8)
- From MASTERBTCLTC:
Nigeria & Venezuela are ranked 1st & 2nd in the world for the last 12 months in Google search volume interest of “Litecoin”. These people are looking for inflation protection, store of wealth and a better global currency The solution is litecoin
#LTC? #Litecoin?