Litecoin (LTC) Closes Last Hour Up $2.35; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated February 17, 2021, 00:017 GMT

Currently, Litecoin’s price is up $2.35 (1.12%) from the hour prior. Litecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 hour moving averages, resulting in them so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin Daily Price Recap

Litecoin came into today down 2.75% ($5.89) from the open of yesterday, marking the 2nd straight day a decrease has occurred. The price move occurred on volume that was down 33.14% from the day prior, but up 104.4% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. 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 another vantage point, consider that Litecoin’s price has gone up 17 of the previous 30 trading days. 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 nebraskangooner:

    I’ve been adding spot #Litecoin the last few days up at these levels but I definitely am putting a stop loss for plunge protection here.Risk management is still important.We’re at a point where we likely get a big move in either direction. Still holding key support for now.

  • From johnkim77:

    Have you ever seen any network run 9 plus years straight with zero downtime? 🤔In any combat sport, the betting favorite is on the undefeated fighter. Betting on #Litecoin is a responsible investment. Everything else is just a gamble. Don’t @ me.

  • From nebraskangooner:

    As long as #Bitcoin and #Litecoin are above the 7sma on the daily chart then I’m not selling my recent added positions.Stop loss placed below crucial support for plunge protection to avoid large losses.Zoom out. Weekly chart looks great.

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

Charlie Lee’s Litecoin NFT Is Now Worth Nearly $2000, Despite His Own Wishes | Crypto Briefing

Don’t Miss Market Moving News Litecoin creator Charlie Lee has created a custom art NFT and attracted bids of nearly $2,000, despite his intentions to prove to the crypto community that generic digital art lacks value….Naturally, the Ethereum community is more likely to take Lee’s invitation to prove him wrong when it comes to the value of crypto art tokens….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.