Litecoin (LTC) Price Near $118.71; Heads Down For the 6th Straight Day, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 90 Days

The Hourly View for LTC

Last Updated July 19, 2021, 02:016 GMT

Currently, Litecoin’s price is up $0.89 (0.76%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 came into today down 0.57% ($0.69) from the open of yesterday, marking the 6th straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 11.96% from the day before — and down 46.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 8 them. 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 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

  • From Chynce:

    Can’t wait to finally announce on @TheBoizPodcast today the official launch of @LitecoinGaming had such amazing support on launch day! And Gonna continue to be there for everyone in our amazing community! #GameWithLitecoin #Litecoin #LTC @LTCFoundation @Litecoin