Litecoin (LTC) Closes Last Hour Down $-0.27; Pin Bar Pattern Appearing on Chart, Moves Down For the 3rd Consecutive Day, in a Downtrend Over Past 90 Days

The Hourly View for LTC

Last Updated July 15, 2021, 02:050 GMT

At the moment, LTC’s price is down $-0.27 (-0.21%) from the hour prior. This is the 2nd consecutive hour LTC has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. 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 came into today down 0.41% ($0.54) from the open of yesterday, marking the 3rd consecutive day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 44.82% from the day before — and down 4.39% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 6th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:


    This is why need to think long term with #LitecoinThink of Amazon’s stock in 2008. Smart hands held that long term, did not sell the first time it had a pullback. Same idea with #Litecoin, but $LTC is hundreds of times more important and beneficial than Amazon

  • From RPanda5:

    My son told me yday : Mamma , why don’t you buy Bitcoin?
    Me : What’s that?
    He : Don’t you know , it’s crypto currency just like Dogecoin , Litecoin. One Bitcoin is some crores in Indian currency.
    Me : 😕🙄⁉️#kids

  • From LitecoinForever:

    Australians will soon be able to spend Litecoin via existing brick & mortar point-of-sales with the issuance of a new physical debit card. Australians won’t need to convert Litecoin into dirty fiat!
    $LTC 💎🙌