Litecoin (LTC) Up $0.4 Over Past 4 Hours, Moves Up For the 2nd Straight Day; in a Downtrend Over Past 14 Days

Litecoin 4 Hour Price Update

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

Litecoin closed the last 4 hour candle up 0.83% ($0.4); this denotes the 3rd consecutive candle an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin came into today up 1.78% ($0.85) from the open of the previous day, marking the 2nd straight day it has gone up. The change in price came along side change in volume that was up 9.93% from previous day, but down 70.74% from the Thursday of last week. 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 previous day. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From brucefenton:

    So the default of many tokens is that they are trying to be money… and they are really weak money with no comparison to Bitcoin or Monero or Litecoin etcOr they try to avoid securities laws by claiming “utility”…in other words a gift certificate to a store no one shops at

  • From MASTERBTCLTC:

    @marsinel00 Yes I think it’s realistic If bitcoin can go to 288k The LTCBTC pair would only be .0104 If you look at cycle highs for litecoin .02-025 is possible Which would be $5760-$7200 price per litecoin Many won’t believe until it happens

  • From pilotgal1:

    @ROYALMRBADNEWS @litecoin_bull Thank you mr judges for confirming my suspicion. I really like your intel and it is much appreciated you take the time to share with the broader community. Have yourselves a wonderful evening. God Speed.