Litecoin (LTC) Closes Last Hour Down $-0.40; Pin Bar Pattern Appearing on Chart, Heads Down For the 7th Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for LTC

Last Updated July 19, 2021, 06:016 GMT

At the moment, Litecoin’s price is down $-0.4 (-0.33%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin came into today down 0.59% ($0.71) from the open of the day prior, marking the 7th day in a row a decline has happened. The price move occurred on volume that was up 8.36% from the day prior, but down 38.78% from the same day the week before. 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. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 17 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From realpauleverton:

    I’m still not over the fact that Litecoin was a random useless toy fork, was wash traded by someone inside Coinbase (Charlie?), listed by Brian Armstrong alongside only eth & btc, finally dumped at the top by Charlie onto retail. People should go to jail for this pump and dump.

  • From lite_hause:

    Lately I’ve had several life events sucking up my free time and haven’t been able to keep up on crypto as much.Saying that, it’s very difficult feeling bearish rn when the new supply of the money you hold gets reduced in half every 4 years. #Litecoin #Bitcoin

  • From MASTERBTCLTC:

    This week I am excited to add more litecoin to my portfolio. Will be converting a Simple IRA into my self-directed IRA & will buy & HODŁ litecoin in the retirement account. Already made the transfer request from the account…& of course will have to use two wires….lol