Litecoin (LTC) Closes Prior Hour Down -0.09%; Pin Bar Pattern Appearing on Chart, Moves Down For the 9th Day In A Row

The Hourly View for LTC

Last Updated April 26, 2021, 03:016 GMT

At the moment, Litecoin’s price is down $-0.21 (-0.09%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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 closed yesterday down 0.56% ($1.27); this denotes the 9th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 13.03% from the day before — and down 78.64% 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 yesterday. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 50 day averages, located at 220.82 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From JohnkimLTC:

    I can honestly say I have a different relationship with my #Litecoin. My blood sweat and tears went into acquiring and hodling it. I feel like I’ve earned every “Łite”
    that I have in my possession. The success of $LTC means so much more than the usd value of it.

  • From sethforprivacy:

    6/ Thinking that coins that I could have “a lot” of would be more valuable long term.This pulled me into clear scams like TRON along with zombie chains like Litecoin. Once you realize that Bitcoin etc. are divisible it helps get past the “I need 1mil coins!” phase.

  • From MASTERBTCLTC:

    Lots of people always tell me that I’m being to risky holding 100% of my net worth in litecoin. Little do they know that they’re taking way more risk holding 100% of their wealth in fiat.#LTC🚀 #Litecoin🚀

For a longer news piece related to LTC that’s been generating discussion, check out:

The Current Status Of Litecoin In Asia » Vaultoro

Although not much is known about the current landscape, some recent developments are worth paying attention to.  Asia has been a relatively problematic region for cryptocurrencies over the years….One of the local gaming stores has integrated support for four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Icon.