Litecoin (LTC) Down $0.55 in Last 4 Hours, Started Today Up 2.83%; Price Base in Formation Over Past 90 Days

Litecoin 4 Hour Price Update

Updated July 31, 2020 03:19 AM GMT (11:19 PM EST)

Litecoin is down 0.97% ($0.55) since the previous 4 hours, marking the 3rd candle in a row it has gone down. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous 4 hours in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin entered today at $56.78, up 2.83% ($1.56) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 17.77% from the day prior, and up 141.27% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd 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.

LTC

Litecoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them.

Overheard on Twitter

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

  • From MASTERBTCLTC:

    The amount of litecoin added to grayscale has grown 5x 7/29 10.3M
    7/28 8.9M
    7/27 7.7M
    7/24 5.7M
    7/22 2.2M Litecoin is less than .002 percent of how much bitcoin is held on Grayscale We can easily see another 30Million in litecoin added to the litecoin trust
    $LTCN

  • From MASTERBTCLTC:

    “We are bullish on litecoin. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”#ltc🚀 #litecoin🚀

  • From _CryptoSurf:

    As @BoilingPointLLC already pointed out, $LTC could start its bull run earlier than it did in the last cycle, since #Litecoin is much better than 4 years ago.If it pumps earlier, we already have our position. If not, we will have more time to accumulate.