Litecoin (LTC) Price Near $242.98; Heads Down For the 3rd Day In A Row, in an Uptrend Over Past 30 Days

The Hourly View for LTC

Last Updated April 20, 2021, 03:016 GMT

At the time of this writing, Litecoin’s price is down $-0.4 (-0.16%) from the hour prior. Litecoin has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see downtrend on the 20 and 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

Litecoin is down 4.58% ($12.55) since the day prior, marking the 3rd day in a row a decline has happened. The change in price came along side change in volume that was down 48.79% from previous day, but up 89.92% from the Monday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

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 18 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From LitecoinForever:

    Again here’s why you need to accumulate Litecoin
    – MWEB (fungibility & privacy)
    – High liquidity
    – On every exchange
    – Secure & safe to use
    – Low transaction fees
    – Fast transactions
    – 100% uptime
    – Decentralized
    – Censorship resistant
    – Global adoption
    – Store of value
    $LTC πŸ’ŽπŸ™Œ

  • From LitecoinForever:

    @3comma1 πŸ’― Litecoin is a store of value. There will only ever be 84 million Litecoins. Litecoin currently produces 7200 new coins per day. This will be halved on 5th August 2023. Dogecoin will continue to produce 14,400,000 new coins per day forever. Litecoin is the right coin.
    $LTC πŸ’ŽπŸ™Œ

  • From MASTERBTCLTC:

    If you only focus on how much #Litecoin you own and stop looking at the USD value of it, you will realize 1 LTC = 1 LTC, and so the goal, changes from trying to increase your USD to always increasing your #LTC stack