Litecoin (LTC) Closes Last Hour Down $-0.42; Moves Up For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 90 Days

The Hourly View for LTC

Last Updated September 9, 2021, 18:16 GMT

At the moment, Litecoin’s price is down $-0.42 (-0.23%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on LTC; it is now pointing down. 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 is up 0.71% ($1.01) since yesterday, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 47.35% from the day prior, and up 14.13% 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 yesterday. Let’s take a look at the daily price chart of Litecoin.

LTC

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 up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 15 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From PenguinOffisial:

    $LTC is one coin with a lot of price history data. Monthly and longer time frame charts are all indicating a huge swing up incoming. This is the time in the bull market to get in on #Litecoin. I reckon it’ll be the top performer in the top 20.

  • From King_AxiS:

    My dad will be off of the ventilator soon! It’s been a rough week for sure. I’ve been trying to distract myself with gaming and Litecoin but it’s been tough. I got to FaceTime with him today for the first time since he went on the ventilator. He couldn’t speak, but he heard me

  • From CasPiancey:

    if I see a bunch of people rolling thru defending Coinbase, I’ll throw up.• pumped Litecoin for Charlie
    • hired mercenaries to run part of the company
    • have dumped a ton of stock since going public
    • regularly fail at peak trading moments
    • Brian’s letter to a “”friend””