Litecoin (LTC) Closes Last Hour Down $-0.87; in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated July 14, 2021, 01:016 GMT

Currently, Litecoin’s price is down $-0.87 (-0.68%) from the hour prior. This is the 2nd straight hour Litecoin has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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 133.43 US dollars, down 0.57% ($0.76) from the previous day. The price move occurred on volume that was down 3.49% from the day prior, but up 4.95% 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 previous day. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The first thing we should note is that the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 5 out of the past 10 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 litecoinlad:

    Litecoin is so fucking fast… i really have no idea how it is not in the top 10 anymore…Tells how sketchy crypto really is.
    #BITCOIN AND #LITECOIN ONLY.

  • From SteveNi96234828:

    @DrDoubloon @liquidseahorse @Oonabot @Toddwade69420 @WeTheDoge1 @Ghostbatman117 @Chuy338 @HarborTeaParty @RegChavez3 @LadyDogeBugBird @GloryDoge @sgtesco @FadilijaS @bholman24930782 @DogeCoinMilitia @Outerspacefris1 @BigImpactHumans @SargentDoge @stephenAdoge @TravisNTravesty @TheOnlyFronk @HODL_Til_Lambo @AMBASSADORTOUSA @MsiJeremy @Pin86939060 @TheWiseCrow1 @jenifang @WhitneyWalker33 @Rooster_Pi @Doge4faithfull @Michael29011011 @ImTravisG @thetradingalien @Pikadogee @arcadiisback @adoptmeelonmusk @JubaJeeves @HonestlyDoge @aaronjwithers @llbodiedll @BeefSupreme1776 @TheOnlyPghTrish @calic415 @SimplyCrypto4 @GIGACHAD2021 @iBeaQueen @DogecoinGalaxy @Lilmook4real @UrbanSymph @dogecoin Don’t worry , I’ve got $2 #LiteCoin left too!
    Always great to see your vibe , so infectious. ❤️
    #BoomToTheMoon

  • From MASTERBTCLTC:

    Dogecoin is an open-source cryptocurrency started in 2013 by Jackson Palmer and Billy Markus. Dogecoin started as a joke based on a popular meme featuring a Shiba Inu (a Japanese breed of dog). It is based on Litecoin and has the same technology behind its proof-of-work.