Litecoin (LTC) Closes Last Hour Down $-0.03; Heads Up For the 2nd Consecutive Day, in a Downtrend Over Past 30 Days

The Hourly View for LTC

Last Updated June 28, 2021, 04:016 GMT

At the time of this writing, Litecoin’s price is down $-0.03 (-0.02%) from the hour prior. Litecoin has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 4.64% ($5.88) from the open of the day prior, marking the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 7.51% from the day before — and down 18.03% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th 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

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 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Listen up. Litecoin at this price is a phenomenally great time to invest. The risk to reward is unreal. Meaning the risk is very low that the price won’t be much higher. The chances that litecoin price rises at least +10x between now & the end of 2022 are very likely.

  • From AkuRypto:

    Anyone who ever tried buying Bitcoin or Litecoin prior to major CEXes’ existence will understand the need that @THORChain fills in crypto.It is 100% necessary for permissionless access to internet money, and if THORChain didn’t create it, someone else eventually would.

  • From misconfig_exe:

    @Nibba_reddy Bitcoin is no less affordable than any other asset. You can invest for as little as $2 or 2 of local currency, on most exchanges.
    If Bitcoin goes up 500%, your investment goes up 500%.
    You don’t have to buy a whole $BTC.
    But if you feel the need to (“unit bias”) then #Litecoin