Litecoin (LTC) Price Near $123.90; Moves Down For the 3rd Consecutive Day, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 90 Days

The Hourly View for LTC

Last Updated July 15, 2021, 18:16 GMT

At the time of this writing, Litecoin’s price is up $0.61 (0.49%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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 closed the previous day down 0.41% ($0.54); this denotes 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 the previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day averages, located at 135.75 respectively, and thus may be at a key juncture along those timeframes. 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. For additional context, note that price has gone down 7 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • 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 💎🙌

  • From jaredctate:

    What is the best point of sale system out there you have used that allows vendors & stores to accept #DigiByte at checkout inside physical stores? What payment platforms should $DGB be added to? #Bitcoin #Litecoin