Litecoin (LTC) Closes Last Hour Up $0.76; in an Uptrend Over Past 14 Days, Heads Up For the 4th Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated February 12, 2021, 23:16 GMT

At the moment, Litecoin’s price is up $0.76 (0.39%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 8 of the past 10 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin came into today up 1.11% ($2.02) from the open of the day prior, marking the 4th consecutive day an increase has occurred. The price move occurred on volume that was down 39.5% from the day prior, but up 15.54% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From johnkim77:

    Before ppl judge me for being excited about a coin I believed in for the past 3 yrs…Know that I helped convince a whale to get into #Łitecoin. My 1st and foremost love is #LTC but @FlexaHQ @amptoken allowed me to spend LTC at over 40k locations nationwide.

  • From RealCarlAllen:

    @chamath Litecoin. $LTCThe fundamentals of litecoin are basically the same as bitcoin. The only difference is that there are 4x as many to be mined, and bitcoin was a few years earlierAs a store of value, a means of transfer, litecoin has all the same propertiesIt’s valued 1/250 btc

  • From LucasNuzzi:

    2/ First, let’s talk about network security (I’ll try to keep it simple). Unlike BTC, ETH, or really any other major network, Dogecoin does not have its own miners — it currently relies on another network, Litecoin, to survive.So how did this happen and what does it mean?

In terms of news links for Litecoin here’s one to try:

The Battle for Sound Money | Litecoin Foundation

Due to an identifiable history being linked to each Bitcoin and Litecoin and an ability for one to analyze previous transactions on their respective blockchains, unfortunately, one Litecoin does not equal one Litecoin….To utilize MWEB, a crypto wallet or exchange would be required to integrate it and help serve as the gateway from which you could move your coins in/out from the main chain over to the MWEB side….Exchanges that support Litecoin can decide whether or not to support Litecoin’s MWEB feature and are not forced to embrace it….MWEB has the ability to scale better than Litecoin and Bitcoin while also having the side benefit of acting as a block size increase on the main chain without there actually being one….It’s interesting to note that the addition of MWEB will mark the second time in Litecoin’s nearly 10 year existence in which Litecoin implements an upgrade prior to Bitcoin….There’s a possibility that Litecoin’s MWEB may serve as a blueprint for Bitcoin to one day achieve higher fungibility and privacy as well.