Home Litecoin Litecoin (LTC) Closes Last Hour Down $-0.27; Pin Bar Pattern Appearing on Chart, Moves Down For the 3rd Consecutive Day, in a Downtrend Over Past 90 Days

Litecoin (LTC) Closes Last Hour Down $-0.27; Pin Bar Pattern Appearing on Chart, Moves Down For the 3rd Consecutive Day, in a Downtrend Over Past 90 Days

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The Hourly View for LTC

Final Up to date July 15, 2021, 02:050 GMT

For the time being, LTC’s worth is down $-0.27 (-0.21%) from the hour prior. That is the 2nd consecutive hour LTC has seen its worth head down. For those who’re a pattern dealer, take into account that the strongest clear pattern on the hourly chart exists on the 20 hour timeframe. Concerning transferring averages, it ought to first be famous that worth has crossed the 50 hour transferring common, leading to them in order that worth is now turning under it. The transferring averages on the hourly timeframe counsel a bullishness in worth, because the 20, 50, 100 and 200 are all in a bullish alignment — which means the shorter durations are above the longer length averages, implying a sound upward pattern.

Litecoin Each day Value Recap

Litecoin got here into right this moment down 0.41% ($0.54) from the open of yesterday, marking the third consecutive day a lower has occurred. This transfer occurred on decrease quantity, as yesterday’s quantity was down 44.82% from the day earlier than — and down 4.39% from the identical day the week earlier than. Out of the 7 devices within the Prime Cryptos asset class, Litecoin ended up rating sixth for the day by way of worth change relative to yesterday. Here’s a each day worth chart of Litecoin.

LTC

Litecoin Technical Evaluation

Notably, Litecoin is now near its 20 day transferring averages, which can act as worth barrier for the asset. Volatility for Litecoin has been contracting over the previous two weeks relative to volatility over the previous month. Whether or not volatility reverts might be one thing to look at. The clearest pattern exists on the 90 day timeframe, which exhibits worth transferring down over that point. Or to view issues one other approach, observe that out of the previous 14 days Litecoin’s worth has gone down 9 them. And for candlestick merchants, a particular deal with: there’s a pin bar sample exhibiting up on the charts as nicely. Rejoice!

Overheard on Twitter

Behold! Listed below are the highest tweets associated to Litecoin:

  • From MASTERBTCLTC:

    That is why must suppose long run with #LitecoinThink of Amazon’s inventory in 2008. Good palms held that long run, didn’t promote the primary time it had a pullback. Identical thought with #Litecoin, however $LTC is a whole lot of instances extra necessary and useful than Amazon

  • From RPanda5:

    My son advised me yday : Mamma , why don’t you purchase Bitcoin?
    Me : What’s that?
    He : Don’t you understand , it’s crypto forex similar to Dogecoin , Litecoin. One Bitcoin is a few crores in Indian forex.
    Me : 😕🙄⁉️#youngsters

  • From LitecoinForever:

    Australians will quickly have the ability to spend Litecoin through present brick & mortar point-of-sales with the issuance of a brand new bodily debit card. Australians received’t must convert Litecoin into soiled fiat!
    $LTC 💎🙌




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