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Litecoin (LTC) Closes Prior Hour Up 0.11%; 4 Day Up Streak Ended, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 14 Days

LTC

The Hourly View for LTC

Last Updated April 18, 2021, 02:049 GMT

Currently, LTC’s price is up $0.31 (0.11%) from the hour prior. This is the 2nd hour in a row LTC has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin is down 2.42% ($7.48) since the day prior, marking a reversal from the day prior — and the end of a 4 day positive run. The change in price came along side change in volume that was down 17.69% from previous day, but up 113.99% from the Saturday of last week. 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 the day prior. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 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 MuroCrypto:

    The old majors like Ethereum, Litecoin and Ripple likely go up to old highs in BTC value. It’s also realistic to expect cult coins like Verge, Siacoin and Digibyte to do the same. Doge was the start of the biggest altseason.We will make history. It will pump

  • From brucefenton:

    If you move a Litecoin from Coinbase to Gemini it works and is confirmed quickly with no other party involved. The blockchain confirms the ledger.If you move a share of stock from Robinhood to Fidelity it takes several days and has to be confirmed by a trusted 3rd party. Slow.

  • From BuckArmy:

    I bought 2 litecoin’s 3 years ago for $320 a piece and it proceeded to crash. I found my password last month and I’m officially up $10 I bought a Mickeys 40 for $3 today to celebrate. Good luck with your investments lol

As for a news story related to Litecoin getting some buzz:

Litecoin Jumps 20% In a Green Day By Investing.com

The move upwards pushed Litecoin’s market cap up to $21.174B, or 0.96% of the total cryptocurrency market cap….Litecoin had traded in a range of $305.513 to $335.268 in the previous twenty-four hours.




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