Litecoin (LTC) Up $1.07 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; Makes Big Move Relative to Two Week Trend

Litecoin 4 Hour Price Update

Updated August 16, 2020 03:18 PM GMT (11:18 AM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 61.44 US dollars, up 1.77% ($1.07) from the last 4 hour candle. On a relative basis, the last 4 hour candle were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class πŸ™‚

Litecoin Daily Price Recap

59.92 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 5.47% ($3.11) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 64.9% from the day prior, and up 160.19% 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 πŸ™‚ Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.

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 DaddyCool1991:

    #LTC trading volume the past 24 hours is at 74.7% it’s market cap again (>$2.8 bln), yet barely moves.#LINK is trading at 34.3% (>$2.2 bln) & goes up exponentially.Grayscale has accumulated mucho #Litecoin over the past few weeks. Don’t think it won’t show soon.

  • From MikeKoop:

    Have you been accumulating Litecoin since July 27th in the $50 range?

    I have a feeling that we don’t see $50’s for Litecoin for a very long time unless otherwise, I stay Bullish AF! time for a beer 🍻 πŸ‘‡
    $LTC #litecoin #litecoinfam #LTC

  • From ultimateviet:

    During the bear market all alts dropped 90%+. ETH rebounded and is 5x bottom. That sounds great but LTC is only 2.5x and to me I think it’s a blessing bc I was able to accumulate more. How many ETH did you buy in 200-400 range? Ask me how many LTC I got in $22-60.
    #Litecoin