Litecoin (LTC) Down $0.38 in Last 4 Hours, Entered Today Up 3.34%; Price Base in Formation Over Past 90 Days

Litecoin 4 Hour Price Update

Updated March 27, 2020 07:18 AM GMT (03:18 AM EST)

Litecoin is down 0.93% ($0.38) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂

Litecoin Daily Price Recap

40.58 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved up 3.34% ($1.31) from the previous day. This move happened on lower volume, as yesterday’s volume was down 29.89% from the day before — and down 64.83% 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 the previous day. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day averages, located at 40.66 respectively, and thus may be at a key juncture along those timeframes. 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. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Price action traders in particular will want to note that the 90 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 9 them.

Overheard on Twitter

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

  • From MASTERBTCLTC:

    Litecoin Max Supply: 84 million
    Litecoin In Circulation: 76%
    Litecoin Market Cap: $2.4 billion
    Litecoin Price: $38Massive upside

  • From canela552000:

    @MIDAS_NEWS @DiviProject @RapidsRPD @litecoin @_pivx Well, I already have time saving in $DIVI and in these times of # COVID-19 it is the best decision I have been able to make. Working from home and #cryptocurrencies make this process and i can take it easy 💆‍♀️

  • From 0j_Michael:

    @MIDAS_NEWS @DiviProject @RapidsRPD @litecoin @_PIVX Yes having a crypto currency that you earn from passively makes everything okay $divi is the coin @DiviProject is the project 💪