Litecoin (LTC) Closes Prior Hour Down -1.41%; Bearish Engulfing Pattern Present, in an Uptrend Over Past 14 Days, 3 Day Up Streak Snapped

The Hourly View for LTC

Last Updated March 15, 2021, 07:016 GMT

At the moment, Litecoin’s price is down $-2.99 (-1.41%) from the hour prior. Litecoin has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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

Litecoin’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 5.36% ($12.12). The price move occurred on volume that was down 51.86% from the day prior, but up 15.63% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 90 day charts, may be slowing down and ready to reverse.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From TheCryptoLark:

    #litecoin will pump to new highs soon, it is well primed for a run. I took a big position around $182. In it for a good time, not a long time.

  • From SumcoinOfficial:

    @Sumtoshi @elonmusk Not trying to break up any fun but what did Doge ever do to anyone? It’s a joke coin but is it still? Fiat is an even bigger joke so maybe that’s @elonmusk point with talking about it. Yes he should know about #Sumcoin too but there are many others like Litecoin needing eyes.

  • From VisionLawnCare_:

    Is everyone that is #holding #LTC ready for a life changing experience? If I may say something even though many don’t know me,yet, but it’s not just about making tons of $ it’s about the plan when you do make $. Do something good for this world, something for your kids#Litecoin

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