Litecoin (LTC) Makes Big Move Relative to Two Week Trend, Down 2.39%; Pin Bar Pattern Appearing on Chart

Litecoin Price Recap

Litecoin is down 2.39% since yesterday, marking day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 22.33% from the day prior, and up 98.65% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of day-over-day price change. Let’s take a look at price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. For additional context, note that price has gone up 16 out of the past 30 days. 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:

    The world barely knows about bitcoin…& hasnt heard of litecoin The next wave will be massive Litecoin is a twin to bitcoin, its faster on chain, lower fees, large network effect, doesn’t compete for hash, its got a great name & brand 💥💥💥💥

  • From MarioLemieux99:

    @brucefenton You don’t have to buy Litecoin.

  • From MASTERBTCLTC:

    Litecoin is 4 times the supply bitcoin….yet its 137 times less expensive You tell me the potential #ltc🚀 #litecoin🚀 💥💥💥💥