Litecoin (LTC) Closes Prior Hour Up 0.66%; in an Uptrend Over Past 14 Days, Moves Up For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated September 3, 2021, 23:16 GMT

Currently, Litecoin’s price is up $1.38 (0.66%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 is up 0.71% ($1.01) since the day prior, marking the 2nd day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 47.35% from the previous day (Wednesday), and up 14.13% from Thursday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior 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 up. For another vantage point, consider that Litecoin’s price has gone up 11 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From sassal0x:

    The crypto ecosystem has been “multi-chain” since the first economically relevant fork of Bitcoin (aka Litecoin).So I don’t think the question is “will the future be multichain?”Rather, the question is “which platforms will have the most market-share in a multi-chain world?”

  • From Mikey_Mach:

    bUt LiTeCoIn iS DeAd 🥴First of all, y’all too focused on price.. #MWEB coming soon👀That aside, if you are focused on price.. realize during an #ALTSEASON every coin has its turn up to the plate.. only question is—will you be patient enough or will you miss it?? $LTC 🚀🚀

  • From MASTERBTCLTC:

    Do whatever you can to get some litecoin. Litecoin is poised for a massive move. In my mind it will be the biggest move in crypto. Remember what doge did! The charts, fundamentals, & sentiment, all align for litecoin to make all time highs against bitcoin on the LTCBTC pair

For a longer news piece related to LTC that’s been generating discussion, check out:

Major Litecoin Resistance Might Appear at $185 According to On-Chain Data

Data shows that a large portion of holders has entered Litecoin at the average price of $185….By using on-chain data, traders and investors will be able to tell when a coin might face major resistance since the majority of market participants tend to close unprofitable positions once they are able to get out without any loss or profit.