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Litecoin (LTC) Closes Prior Hour Down -0.72%; Moves Down For the 8th Straight Day, in a Downtrend Over Past 90 Days

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The Hourly View for LTC

Last Updated July 20, 2021, 02:051 GMT

At the moment, LTC’s price is down $-0.8 (-0.72%) from the hour prior. LTC has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 came into today down 5.14% ($6.13) from the open of the day prior, marking the 8th straight day a decline has happened. The change in price came along side change in volume that was up 14.18% from previous day, but down 27.57% from the Monday of last week. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Litecoin.

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 down. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 17 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From realpauleverton:

    I’m still not over the fact that Litecoin was a random useless toy fork, was wash traded by someone inside Coinbase (Charlie?), listed by Brian Armstrong alongside only eth & btc, finally dumped at the top by Charlie onto retail. People should go to jail for this pump and dump.

  • From lite_hause:

    Lately I’ve had several life events sucking up my free time and haven’t been able to keep up on crypto as much.Saying that, it’s very difficult feeling bearish rn when the new supply of the money you hold gets reduced in half every 4 years. #Litecoin #Bitcoin

  • From MASTERBTCLTC:

    This week I am excited to add more litecoin to my portfolio. Will be converting a Simple IRA into my self-directed IRA & will buy & HODŁ litecoin in the retirement account. Already made the transfer request from the account…& of course will have to use two wires….lol