Litecoin (LTC) Closes Prior Hour Down -0.26%; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated October 15, 2020, 11:15 GMT

At the time of this writing, LTC’s price is down $-0.13 (-0.26%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 0 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 day prior down 0.18% ($0.09); this denotes the 2nd straight day a decrease has occurred. The price move occurred on volume that was down 33.19% from the day prior, but up 7.25% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that the current price of Litecoin is sitting close to its 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 6 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From lite_hause:

    Litecoin is currently at approx. 0.0043 on the LTC/BTC ratio. The last time Litecoin was at these levels (early 2017), 3-5 months later, Litecoin went on a run and sprung to over .015 (240%+ increase on the ratio).

  • From JenifferCC:

    Happy day 🌟💫🦋6 Fiat Currencies are available to view balance of Crypto :
    USD (US Dollar)
    GBP (GB Pound)
    CRC (Costa Rica Colan)
    EUR (Euro)
    CAD (Canadian Dollar)
    AUD (Australian Dollar)3 Crypto Currencies wallets are available :
    #BTC (Bitcoin)
    #LTC (Litecoin)
    #DIVI (Divi)

  • From CryptoCobain:

    Ok yeah one of the top 3 spots had to go to Charlie Lee publicly selling the Litecoin top. Masterpiece.

In terms of news links for Litecoin here’s one to try:

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