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Litecoin (LTC) Closes Last Hour Up $1.15; in a Downtrend Over Past 30 Days, Pin Bar

0


The Hourly View for LTC

Last Updated June 27, 2021, 02:048 GMT

Currently, LTC’s price is up $1.15 (0.9%) from the hour prior. LTC has seen its price go up 8 out of the past 10 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 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being above 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

The back and forth price flow continues for Litecoin, which started today off at 126.75 US dollars, up 1.24% ($1.55) from the previous day. The price move occurred on volume that was down 18.3% from the day prior, but up 29.79% from the same day the week before. 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.

LTC

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 up 7 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

Over on Twitter, here were the top tweets about Litecoin:

  • From JohnkimLTC:

    So @BitPay refuses to add support for #litecoin for obvious reasons (Roger Ver #BCH) so now I’m giving them the 🖕 I’m going to make sure the NEW @FlexaHQ NETWORK will make them IRRELEVANT.

  • From MASTERBTCLTC:

    MWEB is set to be the largest upgrade to the Litecoin network ever, promising to provide fungibility for all, while improving LTC’s scalability. Due to the size of the change, it has been in progress for 2 years now, but the end is in sight!

  • From DrDoubloon:

    @Doge4Kids @HarborTeaParty @Ku31905818 @Pin86939060 @GloryDoge @HODL_Til_Lambo @LadyDogeBugBird @SargentDoge @RicosIntoCrytpo @Toddwade69420 @sgtesco @Chuy338 @Rooster_Pi @Doge4faithfull @WeTheDoge1 @kataruka_piyush @Michael29011011 @Ghostbatman117 @ImTravisG @bholman24930782 @TravisNTravesty @thetradingalien @Pikadogee @arcadiisback @adoptmeelonmusk @JubaJeeves @HonestlyDoge @aaronjwithers @llbodiedll @FadilijaS @BeefSupreme1776 @TheOnlyPghTrish @calic415 @SimplyCrypto4 @GIGACHAD2021 @iBeaQueen @BigImpactHumans @DogecoinGalaxy @AMBASSADORTOUSA @Lilmook4real @UrbanSymph @dogeallnight @WhitneyWalker33 @TheOnlyFronk @itsALLrisky @jaymichaels13 @OGBISHCOIN @dogecoin @litecoin @elonmusk they sleeping ahaha i mine it as well but have 2 set up one big massive warehouse in Sweden then my house but uk to exsp for elecity

For a longer news piece related to LTC that’s been generating discussion, check out:

Litecoin Price Analysis, Is LTC Rally The Next Dogecoin?

Litecoin price rally is also speculated to showcase a similar trend as dogecoin….And hence litecoin price like the dogecoin price is slipping to their respective initial levels.





Read More: Litecoin (LTC) Closes Last Hour Up $1.15; in a Downtrend Over Past 30 Days, Pin Bar

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