Litecoin 4 Hour Price Update
Updated June 03, 2020 11:19 PM GMT (07:19 PM EST)
The end of a 4 four-hour candle positive run has come for Litecoin, which finished the previous 4 hours down 0.21% ($0.1). On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 46.02 US dollars, down 4.66% ($2.25) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 87.45% from the day prior, and up 68.66% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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. Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading 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 CryptoCobby:
I have been super bullish on Litecoin ever since I lost my crypto virginity back in early 2017! Litecoin was my largest holding up until the LTC halving where I traded 80% of my LTC bag into ETH and LINK…. I am still a believer in LTC as the fixed supply model is a winner!
- From DaddyCool1991:
It took the last 5.5 months of 2012 for $1,922,036 of #Litecoin to be sentYesterday it took 8 minutes. As in only 480 seconds.$346,928,424 #LTC was sent in the past 24 hrs; 10.71% of the total market cap of $3,239,013,677
- From SatoshiLite:
@DavidBurkett38 @ecassidy47 @Jekyll_uk @grinMW @litecoin But if you have LTC, it’s easier to move your coins to the extension block than it is to move your coins to Grin. From that perspective, the EB is just another chain but which supports cross chain pegs.