Litecoin (LTC) Up $0.1 Over Past 4 Hours, Started Today Down 1.18%; Price Base in Formation Over Past 14 Days

Litecoin 4 Hour Price Update

Updated September 17, 2020 11:19 PM GMT (07:19 PM EST)

Litecoin came into the current 4 hour candle up 0.2% ($0.1) from the open of the last 4 hour candle, marking the 2nd consecutive candle it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin closed yesterday down 1.18% ($0.57); this denotes the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 21.43% from the day before — and down 1.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

Notably, the current price of Litecoin is sitting close to its 100 and 200 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 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 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 14 days Litecoin’s price has gone up 8 them.

Overheard on Twitter

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

  • From l3l2ucelee:

    The people that are holding and accumulating Litecoin are putting the work in to reap the benefits. P.S. If you don’t believe Litecoin is going anywhere, this post is not asking for your opinion and you’re probably already in my Fud Folder anyway. 😂

  • From MASTERBTCLTC:

    Litecoin will succeed. Why? Because I won’t let it die. The developers, HODLers, unbanked, millennials, etc won’t let it die.What’s really going parabolic is the number of people willing to fight for Litecoin and all it stands for. Things like price have no choice but to follow

  • From lite_hause:

    Bitcoin and Litecoin are the standard in the crypto-sphere when it comes to reliability and having sound principles.These will always be the known as the the standard off which other coins should be judged against.

For a longer news piece related to LTC that’s been generating discussion, check out:

The Litecoin Blockchain Gets its Own RPG: LiteBringer – Decrypt

However, LiteBringer is the first time a big game has established itself on the Litecoin blockchain.  “LiteBringer embraces the revolutionary potential of the blockchain like few games before….“Our game needs a blockchain with low transaction costs which don’t spike,” Constantin added.  According to Constantin, another advantage to using the Litecoin blockchain is the opportunity for players to truly own their assets.