Litecoin 4 Hour Price Update
Updated April 06, 2020 11:18 PM GMT (07:18 PM EST)
Litecoin’s 5 four-hour candle positive has officially concluded, as the candle from the previous 4 hours closed down 0.56% ($0.25). Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
Litecoin is down 1.08% ($0.44) since the day prior, marking a reversal from the day prior — and the end of a 6 day positive run. This move happened on lower volume, as yesterday’s volume was down 11.43% from the day before — and down 26.78% from the same day the week before. On a relative basis, the day prior was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 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 up 16 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Litecoin has zero qualities of a shit coin. Not a one.
- From BitcoinVenom:
- From el_priist:
FLASH is designed to be a decentralized, real world remittance platform, solving problems which BitCoin and Litecoin failed to address with respects to transaction volume, transaction speed, and transaction fees.
#gofaster @FlashCoins @CompanionFoods