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Litecoin (LTC) Price Near $103.49; Bearish Engulfing Pattern Present, in an Uptrend Over Past 14 Days

by CryptoExBulletin
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Litecoin (LTC) Price Near $103.49; Bearish Engulfing Pattern Present, in an Uptrend Over Past 14 Days
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The Hourly View for LTC

Final Up to date December 24, 2020, 06:016 GMT

On the time of this writing, Litecoin’s worth is down $-0.48 (-0.46%) from the hour prior. It is a reversal of the value motion on the earlier hour, wherein worth moved up. As for the development on the hourly timeframe, we see the clearest development on the 100 hour timeframe. Of observe is that the 50 hour modified instructions on LTC; it’s now pointing down. The shifting averages on the hourly timeframe recommend a choppiness in worth, because the 20, 50, 100 and 200 are all in a blended alignment — which means the development throughout timeframes is inconsistent, indicating a possible alternative for rangebound merchants.

Litecoin Each day Value Recap

The choppiness within the current each day worth motion of Litecoin continues; to start out in the present day, it got here in at a worth of 102.39 US {dollars}, down 10.54% ($12.06) since yesterday. As for a way quantity fared, yesterday’s quantity was up 31.75% from the day gone by (Tuesday), and up 96.15% from Wednesday of the week earlier than. Relative to different devices within the High Cryptos asset class, Litecoin ranked third since yesterday when it comes to share worth change. Let’s check out the each day worth chart of Litecoin.

LTC

Litecoin Technical Evaluation

The clearest development exists on the 14 day timeframe, which reveals worth shifting up over that point. For extra context, observe that worth has gone up 8 out of the previous 14 days. Merchants may want to observe that there’s a bearish engulfing sample in play, which suggests the uptrend on the 14, 90 and 30 day charts, could also be slowing down and able to reverse.

Overheard on Twitter

Over on Twitter, right here had been the highest tweets about Litecoin:

  • From XrpJackson:

    SEC didn’t go after Charlie Lee for dumping all his Litecoin within the 2018 bull run for $275 mill?WHY?
    @bgarlinghouse @chrislarsensf @JoelKatz #xrp

  • From linkchainlink:

    Sorry for getting grasping and attempting to retire earlier than 2021 @SergeyNazarov Ship it now lad, my GFs husband purchased Litecoin and he’s flexing his beneficial properties on me
    $LINK

  • From BFrownfelterND:

    @Adbb037 @CodeMonkeyZ @realDonaldTrump @ljcambria @litecoin_bull @RockinRon904LIF @Wick_UK SES brokers for the crown, CFR brokers for the crown, SERCO agent for the crown, et alHidden secrets and techniques … & it was Nice Britain that created Saudi Arabia, & the ‘state’ of Israel … so did Israel actually turn into a rustic once more by GOD, or is it a counterfeit w/ counterfeit jews?





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