The Hourly View for LTC
Last Updated July 22, 2021, 08:017 GMT
At the moment, Litecoin’s price is up $0.44 (0.37%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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
The end of a 9 day negative run has come for Litecoin, which finished the previous day up 9.61% ($10.31). The change in price came along side change in volume that was down 2.62% from previous day, but up 42.91% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 9 them. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 14, 90 and 30 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
I once dm’d a very popular Bitcoin maxi (who’s done a lot for the space) and asked if he knew why Litecoin’s trading volume was so high relative to its market cap. Only response was “a lot of exchanges lie about volume”. That’s when I knew even “experts” can be highly ignorant.
- From DrDoubloon:
@SimplyCrypto4 @Michael29011011 @HarborTeaParty @Chuy338 @RegChavez3 @LadyDogeBugBird @GloryDoge @sgtesco @FadilijaS @Ghostbatman117 @SteveNi96234828 @bholman24930782 @DogeCoinMilitia @Outerspacefris1 @BigImpactHumans @SargentDoge @stephenAdoge @TravisNTravesty @TheOnlyFronk @HODL_Til_Lambo @AMBASSADORTOUSA @MsiJeremy @Pin86939060 @TheWiseCrow1 @jenifang @WeTheDoge1 @WhitneyWalker33 @Rooster_Pi @Toddwade69420 @Doge4faithfull @ImTravisG @thetradingalien @Pikadogee @arcadiisback @adoptmeelonmusk @JubaJeeves @HonestlyDoge @aaronjwithers @BeefSupreme1776 @TheOnlyPghTrish @calic415 @GIGACHAD2021 @iBeaQueen @DogecoinGalaxy @Lilmook4real @UrbanSymph @dogecoin @BITMAINtech @litecoin THE EU just said most of all crypto now be trackable by this year. Government want to know how much u got.
- From LukeSha36051450:
@b_sord @PFP_Australia @Carmilla5 @petemcguiness @ProudOldSoldier @aussie_smitty @aus_spirit @AbbyBSord @OzraeliAvi @litecoin_bull @dnforca @TheFlatEartherr Yes or how the day after Trump mentioned HCQ they put a statement out to doctors asking them to not prescribe even for material and to pharmacists asking even if some had a prescription try not to fulfill. The reasoning was to save stock but then they banned it.