Litecoin (LTC) Closes Prior Hour Down -0.27%; 2 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart

The Hourly View for LTC

Last Updated June 18, 2021, 02:046 GMT

At the time of this writing, LTC’s price is down $-0.44 (-0.27%) from the hour prior. The hourly chart shows that LTC has seen 3 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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

167.1 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 0.34% ($0.56) from yesterday. This move happened on lower volume, as yesterday’s volume was down 19.38% from the day before — and down 35.08% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Here 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 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For another vantage point, consider that Litecoin’s price has gone down 6 of the previous 10 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

Behold! Here are the top tweets related to Litecoin:


    Friend of mine called today. He has an emergency fund that’s sitting in the bank not earning any interest. He realized he could put this into a stable coin on voyager & earn 9%+. Then from the interest buy litecoin. This way his emergency fund is available if needed. 💥💥💥💥

  • From BasedDraven:

    @denisaghiveci @Shibahodl1 @Lenaipink @ShibBarbie Doge js a copy coin for those who missed btc. And a literal copy of litecoin. Made as a joke by billy. He didnt even think about anything for doge as he only msde it in 2hours in 2013. Outdated and unplanned.

  • From chadha_mayur:

    @PowerRangerZack @PenguinOffisial @mantasmalukas @bbands It’s all bullshit, same program was supposed to run in 2017. Don’t believe these 1000 targets short term. Eventually it will be 1000 some day but it will majorly depend on what #Bitcoin does.Fyi I hodl #Litecoin