Litecoin (LTC) Closes Last Hour Down $-0.91; 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 14, 2021, 01:017 GMT

At the moment, Litecoin’s price is down $-0.91 (-0.5%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, with price now being below them. 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 yesterday, 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 (Sunday), and up 14.13% from Monday 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 yesterday. 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. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 11 them. 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 barisounds:

    So I am officially apart of the
    @LTCFoundation
    special thanks to
    @TheRealXinxi
    for this special honor. Been seeing the growth of
    @litecoin
    for 4 years and honestly excited to see it continue to flourish!
    $LTC #Litecoin

  • From RemarksObserva2:

    When Litecoin pumps. It will be too late to accumulate… at least until exchanges can restore inventory and end their “maintenance”alerts and locked assets. This happened before and will happen again with demand. Remember: $LTC has a fixed supply. Accumulate now. ☀️

  • From Bitfinexed:

    Remember: Coinbase allowed employees to wash trade their own shitcoins on their exchange, most notably Charlie Lee with his litecoin scam. Considering that Coinbase also listed an unlicensed money transmitter that is under criminal investigation, they have credibility issues.