Litecoin (LTC) Closes Prior Hour Up 0.61%; Moves Down For the 7th Day In A Row, in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated July 19, 2021, 02:051 GMT

At the time of this writing, LTC’s price is up $0.72 (0.61%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin came into today down 0.59% ($0.71) from the open of the day prior, marking the 7th day in a row a decline has happened. The change in price came along side change in volume that was up 8.36% from previous day, but down 38.78% from the Sunday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to the day prior. Let’s take a look at the 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. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 17 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

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 realpauleverton:

    I’m still not over the fact that Litecoin was a random useless toy fork, was wash traded by someone inside Coinbase (Charlie?), listed by Brian Armstrong alongside only eth & btc, finally dumped at the top by Charlie onto retail. People should go to jail for this pump and dump.

  • From MASTERBTCLTC:

    This week I am excited to add more litecoin to my portfolio. Will be converting a Simple IRA into my self-directed IRA & will buy & HODŁ litecoin in the retirement account. Already made the transfer request from the account…& of course will have to use two wires….lol

  • From Chynce:

    Can’t wait to finally announce on @TheBoizPodcast today the official launch of @LitecoinGaming had such amazing support on launch day! And Gonna continue to be there for everyone in our amazing community! #GameWithLitecoin #Litecoin #LTC @LTCFoundation @Litecoin

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