The Hourly View for LTC
Last Updated July 19, 2021, 05:016 GMT
At the time of this writing, Litecoin’s price is down $-0.23 (-0.19%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 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 closed yesterday down 0.59% ($0.71); this denotes 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 yesterday. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 11 of the previous 14 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 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 lite_hause:
Lately I’ve had several life events sucking up my free time and haven’t been able to keep up on crypto as much.Saying that, it’s very difficult feeling bearish rn when the new supply of the money you hold gets reduced in half every 4 years. #Litecoin #Bitcoin
- 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
