Litecoin 4 Hour Price Update
Updated August 07, 2020 07:19 AM GMT (03:19 AM EST)
59.29 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the previous 4 hours being one in which price moved down 0.47% ($0.28) from the previous 4 hours. 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 closed yesterday up 0.27% ($0.16); this denotes the 2nd day in a row an upward move has occurred. The price move occurred on volume that was up 4.04% from the day prior, but down 26.71% 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 yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From ultimateviet:
After 3 yrs im still a noob. I fomo every chance i get lol. These have been very poor decisions but one day it will payoff tremendously. The key is to dollar cost average. I no longer have to wait until $500 LTC price to make bank. Ill be fine with $150 for now.
- From lite_hause:
If you like grassroots movements, you’d like Litecoin. No multi-million dollar ICO launch, no premine and no hidden founders stash.It’s one of the very few fairly launched coins.
- From ultimateviet:
I just picked up 82 more Litecoin. I’m not playing around anymore. 2 reasons: Finally broke past $60 again and BCH is up 6%.
LTC will play catchup and its so undervalued it’s crazy!
As for a news story related to Litecoin getting some buzz:
Conceived as a feature that will improve the scalability of Litecoin’s network, the initial block download will allow transactions to be verified only by checking the “state of the chain”….Therefore, MimbleWimble will have a different verification mechanism than Bitcoin, a miner will not need to download all blocks on Litecoin to verify transactions….Through a publication on Twitter, Hoskinson stated that he “loves” the idea of a cross chain communication between Litecoin and Cardano….I love the idea of testing cross chain communication between Litecoin and Cardano.