Litecoin (LTC) Closes Prior Hour Down -0.53%; Pin Bar Pattern Appearing on Chart, Heads Up For the 9th Consecutive Day

The Hourly View for LTC

Last Updated July 30, 2021, 10:16 GMT

Currently, Litecoin’s price is down $-0.73 (-0.53%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin came into today up 0.75% ($1.05) from the open of the day prior, marking the 9th consecutive day an increase has occurred. The change in price came along side change in volume that was down 34.09% from previous day, but up 60.87% from the Thursday 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. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin is now close to its 50 day moving averages, which may act as price barrier for the asset. 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 14 days Litecoin’s price has gone up 9 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

Behold! Here are the top tweets related to Litecoin:

  • From DaddyCool1991:

    Today’s Newegg/BitPay announcement for #LTC was a long journey for @SatoshiLite I know how much this means personally for him & am so happy to have played a small role seeing it come to fruitionIf I never do anything else for #Litecoin as Project Director I’ll still be happy

  • From DaddyCool1991:

    I find it interesting how as of late #Litecoin will make the news to the level of Yahoo Finance and other outlets outside of #Crypto, but it can’t even crack a small note on Coin Desk or Cointelegraph.This is why marketing/PR in the real world is the way forward. Screw maxis.

  • From MASTERBTCLTC:

    Nearly a decade has gone by since litecoin was created. Over this time Litecoin the payment network has been 100% reliable. There is no other network that has done what litecoin has done.This is why I store my value on the litecoin network.
    $LTC 🚀 #Litecoin🚀 #LitecoinToMoon

In terms of news links for Litecoin here’s one to try:

BitPay Adds Litecoin to Expand Coin Integrations | Business Wire

Starting this week, businesses using BitPay are expected to be able to accept Litecoin as a payment method from any wallet….We’re extremely excited that Litecoin is now supported by BitPay, making it very easy for any merchants to accept LTC.”

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world….Litecoin will be available for businesses to accept as a payment option without the need for any integration or enhancements.