The Hourly View for LTC
Last Updated February 16, 2021, 02:046 GMT
At the moment, LTC’s price is up $0.76 (0.35%) from the hour prior. The hourly chart shows that LTC has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 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 closed the previous day down 2.75% ($5.89); this denotes the 2nd straight day a decrease has occurred. The change in price came along side change in volume that was down 33.14% from previous day, but up 104.4% from the Monday of last week. 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.
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 another vantage point, consider that Litecoin’s price has gone up 10 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
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 Sean17475349:
- From DaddyCool1991:
- From nebraskangooner:
My only short term buys have been #Litecoin today. Everything else short term I’ve been sidelined on since Thursday. I’ll let the dust settle and find some more plays during the week. Dips are still for buying.
Tags: Litecoin price