Litecoin (LTC) Closes Prior Hour Down -0.65%; Moves Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated September 8, 2021, 00:017 GMT

Currently, Litecoin’s price is down $-1.15 (-0.65%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Litecoin has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 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 came into today up 0.71% ($1.01) from the open of the previous day, 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. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Below is a 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 additional context, note that price has gone up 15 out of the past 30 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 PenguinOffisial:

    $LTC is one coin with a lot of price history data. Monthly and longer time frame charts are all indicating a huge swing up incoming. This is the time in the bull market to get in on #Litecoin. I reckon it’ll be the top performer in the top 20.

  • From King_AxiS:

    My dad will be off of the ventilator soon! It’s been a rough week for sure. I’ve been trying to distract myself with gaming and Litecoin but it’s been tough. I got to FaceTime with him today for the first time since he went on the ventilator. He couldn’t speak, but he heard me

  • From lite_hause:

    P.S. I deleted twitter from my phone and will only be signing on from my computer. I’ve been distracting myself too much lately and feel I need to clear my conscience. Saying that, the next few months for Litecoin are going to be 🔥🔥🔥🔥

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

Institutional interest in Litecoin on the rise, Grayscale Litecoin Trust up by 32% – AMBCrypto

It looks like Litecoin might be standing independently, since institutions and retail investors alike, are starting to see potential in it.  Grayscale Litecoin Trust (LTCN), after over a month, finally witnessed some gains as LTCN rose by 32.39% today….Litecoin MVRV ratio at a 4-month high | Source: Glassnode – AMBCrypto However, figures aside a huge contributor to Litecoin’s adoption is also the fact that over the years it has been relatively stable. So if you are looking for a good investment opportunity, Litecoin seems to be making a strong case.