The Hourly View for LTC
Last Updated February 18, 2021, 00:017 GMT
At the moment, Litecoin’s price is down $-2.49 (-1.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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 entered today at $210.27, up 1.1% ($2.28) from the day prior. The price move occurred on volume that was down 33.47% from the day prior, but up 8.86% 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 day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 10 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From MASTERBTCLTC:
I worked my ass off to save the #Litecoin that I own. DONT EVER WANT TO HEAR “Oh you got lucky”No motherfucker… I wanted to buy other shit and go on vacationsbut instead I saved because of belief in the HARDEST MONEY EVER CREATED.
- From nebraskangooner:
I’ve been adding spot #Litecoin the last few days up at these levels but I definitely am putting a stop loss for plunge protection here.Risk management is still important.We’re at a point where we likely get a big move in either direction. Still holding key support for now.
- From johnkim77:
I know, I know those FEAR, UNCERTAINTY, DOUBT creeps into your head even after #Litecoin is above $200.Let me be SUPER BUŁŁISH for you.
HODŁ these 💎 👐 and I’ll guide the way. #LTC ATH~ EASY AF!4 DIGITS? ABSOFUGGINGLUTELY!
As for a news story related to Litecoin getting some buzz:
Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021….The founder, that goes by the Twitter handle Satoshilite (a reference to bitcoin creator Satoshi Nakamoto) didn’t hold back, replaying a year later: I sold because holding LTC made it a situation where I may do something to pump the value short term….Square Inc, a financial services and payment company led by Twitter CEO Jack Dorsey, purchased $50 million of bitcoin shortly after, a decision that rewarded the company with a 10% rise….Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC The U.S. city of Miami is going full bitcoin.