Litecoin (LTC) Closes Last Hour Up $0.37; Breaks Below 20 Day Average, 2 Day Up Streak Broken, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated April 30, 2021, 02:016 GMT

Currently, Litecoin’s price is up $0.37 (0.14%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Litecoin has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Litecoin. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 258.82 US dollars, down 0.49% ($1.27) since the previous day. The price move occurred on volume that was up 4.3% from the day prior, but down 33.51% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 10 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 LitecoinForever:

    #Litecoin News This Week
    ✅ Litecoin’s founder featured on CNBC
    ✅ Rare Tom Brady card was purchased using Litecoin
    ✅ Tyler Winklevoss sends first tweet about Litecoin
    ✅ /r/litecoin hit 300k subscribers
    ✅ New ETC on Litecoin is available to trade in Germany
    $LTC 💎🙌

  • From smallcappick:

    Giving Away $5K $LTC to one random winner every 5K followers Simply Follow me
    Retweet & Comment to win #LITECOIN #LTCUSDT #LTCUSD
    First winner will be announced once I hit 30K followers Remember 2 follow so i can DM winner GL

  • From LitecoinForever:

    If you listen to the media they will lead you to believe that the rising prices are due to shortages without highlighting the fact that fiat currencies are in a hyperinflation. Protect your wealth with Litecoin before it’s too late.
    $LTC 💎🙌

As for a news story related to Litecoin getting some buzz:

The Litecoin of Charlie – Crypto.co

Litecoin (LTC) was created by  Charles “Charlie” Lee in 2011 as an alternative to Bitcoin….Charlie Lee is a computer scientist who created Litecoin….For Lee, litecoin was an alternative and not a competitor of bitcoin….With litecoin mining, a new block is mined every 2.5 minutes – four times faster than bitcoin….In December 2017, Lee sold all his stake in LTC (litecoin).