Litecoin Price Recap
Litecoin is up 5.35% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on volume that was down 0.59% from the day prior, but up 7.38% 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 day-over-day price change. Below is a price chart of Litecoin.
Litecoin Technical Analysis
First things first: Litecoin crossed above its 20 day moving average yesterday. Volatility for Litecoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days Litecoin’s price has gone up 17 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From SatoshiLite:
@0xstark @MakerDAO @synthetix_io @UniswapExchange @litecoin Why don’t you also include exchange fees? I mean, you are comparing DeFi with CeFi, right? It only makes sense to include centralized exchange fees for Litecoin.Litecoin had $5B volume past 24hr.
* 365 * 0.001 (10bp) fee = $1.825B.That’s 2 orders of magnitude more than DeFi!
- From cdtswa:
I’ve always been solely a bitcoin and litecoin investor but as I know more and learn more I’ve expanded my investments. #tezos was the first real alt coin which I understood the power of dividends and compound interest. It’s a must add to any portfolio.
- From bitcoin_dad: