Litecoin (LTC) Down $6.67 in Last 4 Hours, Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days

Litecoin 4 Hour Price Update

Updated August 02, 2020 07:18 AM GMT (03:18 AM EST)

The end of a 3 four-hour candle positive run has come for Litecoin, which finished the previous 4 hours down 10.28% ($6.67). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin came into today up 5.99% ($3.49) from the open of the day prior, marking the 3rd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 91.88% from the day prior, and up 25.89% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Here is a 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. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    There are times on the #Litecoin  journey that can be lonely. Your friends think you’re crazy, people ridicule you. But we’re entering a time period when again #LitecoinFam will be considered the smartest people in the room.

  • From rektcapital:

    $LTC is currently trying to break a multi-year resistance, dating back to mid-December 2017$BTC already broke a similar resistance recentlyWhy wouldn’t Litecoin do the same?#litecoin

  • From btc_holder:

    @btcdragonlord Monero and litecoin were “created” as a better #Bitcoin and they FAILED , 🖕🏼 them and every cuck asking for acceptance trying to “friendly” link it to btc , use it if you need (i doubt it ) but stfu when i call them shitcoin, there is 1 spot as money and that’s #Bitcoin right now

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

Mimblewimble Progress Update Thread – Development – Litecointalk Forum

This is all subject to change, but for now, here’s the plan between now and the end of Summer testnet launch: June: Wrap up mempool logic, and start mining valid chains with mw extension blocks, making sure all pieces work well together….The way initial block download is handled in mimblewimble is quite a bit different than how litecoin does it….Keep trucking David appreciate everything your doing​:raised_hands: Thanks for the updates and great work!…The high-level plan for the rest of the summer remains the same: July: Initial Block Download August: Chain reorg logic September: Activation logic and testnet launch Outstanding work David, always a treat to here your monthly updates Eagerly awaiting the next update !!…The biggest innovation behind mimblewimble is that, in order to verify the chain, you just need to know all of the unspent coins/outputs, and a small part of each transaction called the “Kernel.” These 2 things together are called the “chain state.” In bitcoin/litecoin, each block header uses a merkle tree to commit to only the transactions in that block….Thanks for the update David.