Litecoin (LTC) Closes Prior Hour Up 0.04%; Heads Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated October 15, 2020, 15:15 GMT

Currently, LTC’s price is up $0.02 (0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 1 Of note is that the 50 hour changed directions on LTC; it is now pointing up. 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 closed yesterday down 0.18% ($0.09); this denotes the 2nd straight day a decrease has occurred. The price move occurred on volume that was down 33.19% from the day prior, but up 7.25% from the same day the week before. 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 yesterday. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. 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 8 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From lite_hause:

    Litecoin is currently at approx. 0.0043 on the LTC/BTC ratio. The last time Litecoin was at these levels (early 2017), 3-5 months later, Litecoin went on a run and sprung to over .015 (240%+ increase on the ratio).

  • From ScottyD97155633:

    @litecoin_bull @ROYALMRBADNEWS As I asked the judge…A question judge about Barr. With Bush 41 gone he is freed. Right? If the military came to him and said
    “keep the script” would he in dspite what we all know of his DS involvement. Is Barr flipped to white hat? Did he get an offer he could not refuse?

  • From JenifferCC:

    Happy day 🌟💫🦋6 Fiat Currencies are available to view balance of Crypto :
    USD (US Dollar)
    GBP (GB Pound)
    CRC (Costa Rica Colan)
    EUR (Euro)
    CAD (Canadian Dollar)
    AUD (Australian Dollar)3 Crypto Currencies wallets are available :
    #BTC (Bitcoin)
    #LTC (Litecoin)
    #DIVI (Divi)

In terms of news links for Litecoin here’s one to try:

Litewallet – Official Litecoin Wallet for iOS and Android from the Litecoin Foundation

Litewallet adapts the best design elements and features from
existing wallets along with our own improvements and design
choices….Litewallet can import your current Litecoin wallet quickly and
easily so you can take your existing wallet with you.