Litecoin 4 Hour Price Update
Updated June 08, 2020 03:21 AM GMT (11:21 PM EST)
Litecoin is down 0.04% ($0.02) since the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. 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 previous 4 hours.
Litecoin Daily Price Recap
Litecoin came into today down 0.3% ($0.14) from the open of the previous day, marking the 3rd day in a row a decrease has occurred. The change in price came along side change in volume that was up 53.67% from previous day, but down 15.49% from the Sunday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 and 50 day averages, located at 45.18 and 44.88 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 15 of the previous 30 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From johnkim77:
This is the accumulation phase for #Litecoin. LTC has bottomed, which is a good thing. It can’t go much lower. There are two things that will make $LTC shoot up. 1. Last year was LTC Halving and the supply shock will kick in. 2. The mimble wimble implementation will be 👇
- From johnkim77:
the next hot topic.Litecoin lead the way 2017 with +9000% increase. 2019 it lead the whole market with +380% gains bc of it’s Halving. 2020 we were at $80 before the big covid crash. BTC was the main event bc of the halving but LTC will do its thing again & shock many people.
- From MASTERBTCLTC:
7.5 billion people84 million #LitecoinThose who own 1 full litecoin will be a rare group someday.