Litecoin (LTC) Closes Last Hour Down $-1.33; Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 30 Days, Heads Up For the 3rd Consecutive Day

Fibo Quantum

The Hourly View for LTC

Last Updated January 8, 2021, 08:017 GMT

At the moment, Litecoin’s price is down $-1.33 (-0.81%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin came into today up 0.23% ($0.39) from the open of the previous day, marking the 3rd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 42.46% from the day prior, and up 261.16% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the 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 up. For another vantage point, consider that Litecoin’s price has gone up 10 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From MASTERBTCLTC:

    Litecoin is digital silver
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 9+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ Segwit
    ☑️ #1 alt on ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ PayPal Venmo
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MWEB
    ☑️ 100% uptime

  • From m_kinnin:

    I want to remind everyone, this battle is Satan VS God.
    Satan also thought he won when Christ was crucified. Within 3 days he found out he actually lost. God raised Trump for this mission, he is not finished.
    @litecoin_bull @ialmComKw @THEREALTRDJ

  • From charmander22:

    @litecoin_bull So true. So many are still so under the spell. Censoring the POTUS is so bad they don’t realise. The most powerful man in the world and they think they can do that. Normal people have no chance if anything ever goes wrong. Need to wake up fast.

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


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