Litecoin (LTC) Heads Down For the 3rd Day In A Row, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart

Litecoin Price Recap

Litecoin is down 1.94% since yesterday, marking day in a row it has gone down. The price move occurred on volume that was down 39.3% from the day prior, but up 15.66% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd yesterday in terms of percentage price change. Here is a price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 day moving average yesterday. Something else of critical noteworthiness is that Litecoin’s momentum/trend on a 14 day basis may be decelerating. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days Litecoin’s price has gone up 16 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 22loops:

    “Markets can remain irrational for longer than you can remain solvent”.. It’s been 7 years and Litecoin still trades above $2.

  • From IOHK_Charles:

    I wasn’t aware of the namespace collision with litecoin cash on our upcoming PoW algorithm. My apologies. We have no involvement with that project, but of course wish them well

  • From MASTERBTCLTC:

    When litecoin hits 1k We will be happy for everyone who HODL’D 💥💥💥💥