Litecoin (LTC) Closes Prior Hour Up 0.29%; Heads Down For the 7th Day In A Row, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days

The Hourly View for LTC

Last Updated July 19, 2021, 04:016 GMT

Currently, Litecoin’s price is up $0.35 (0.29%) from the hour prior. Litecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin is down 0.59% ($0.71) since yesterday, marking the 7th day in a row a decline has happened. The change in price came along side change in volume that was up 8.36% from previous day, but down 38.78% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

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 down. For another vantage point, consider that Litecoin’s price has gone down 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

Behold! Here are the top tweets related to Litecoin:

  • From realpauleverton:

    I’m still not over the fact that Litecoin was a random useless toy fork, was wash traded by someone inside Coinbase (Charlie?), listed by Brian Armstrong alongside only eth & btc, finally dumped at the top by Charlie onto retail. People should go to jail for this pump and dump.

  • From lite_hause:

    Lately I’ve had several life events sucking up my free time and haven’t been able to keep up on crypto as much.Saying that, it’s very difficult feeling bearish rn when the new supply of the money you hold gets reduced in half every 4 years. #Litecoin #Bitcoin

  • From MASTERBTCLTC:

    This week I am excited to add more litecoin to my portfolio. Will be converting a Simple IRA into my self-directed IRA & will buy & HODŁ litecoin in the retirement account. Already made the transfer request from the account…& of course will have to use two wires….lol