Litecoin (LTC) Closes Last Hour Up $0.39; Heads Up For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 90 Days

The Hourly View for LTC

Last Updated September 15, 2021, 01:016 GMT

At the moment, Litecoin’s price is up $0.39 (0.21%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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 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 (Monday), and up 14.13% from Tuesday of 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 day prior. The daily price chart of Litecoin below illustrates.


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. 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 udiWertheimer:

    first solana flips et hiriumthen polkadot flips et hirium then luna flips et hiriumthen cardanothen tronwhen all is said and done et hirium will only pump when someone spreads fake news about walmart adoptionze next litecoin

  • From realCryptoWars:

    Think of the psychological torture BTC holders went through during the rise from 300 to 19k in 2016-2017. *ahem* I’d know b/c I was there, every other day was FUD. Now take that multiply it by 4, and that is the absolute state of attacks against #Litecoin🐔Just ignore all of it.

  • From ercwl:

    stop commenting on this retarded tweet, it was a gag on the walmart litecoin fake news and you’re either getting angry, freaking out or totally agreeing with my shitpost conspiracy nonsense get the fuck out of here

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

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