Litecoin (LTC) Up $0.04 in Last 4 Hours, Entered Today Up 0.28%; Pin Bar Pattern Appearing on Chart

Litecoin 4 Hour Price Update

Updated April 02, 2020 05:35 AM GMT (01:35 AM EST)

Litecoin closed the previous 4 hours up 0.1% ($0.04); this denotes the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous 4 hours in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin closed the day prior up 0.28% ($0.11); this denotes the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 44.92% from previous day, but down 45.13% from the Wednesday of last week. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that 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. 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. For additional context, note that price has gone up 15 out of the past 30 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

Behold! Here are the top tweets related to Litecoin:

  • From Litewallet_App:

    Thanks for your patience:
    Android Litewallet v1.19.1 is out!
    Download now🚀💕🚀-Import Private key to add to your existing balance
    -50% smaller app!
    -Upgraded to AndroidX
    -Donate to the Litecoin Foundation
    -Crashlytics for better debugging

  • From MASTERBTCLTC:

    Litecoin has a lot of promising applications, but you can use LTC as a plain old cryptocurrency too. It works great.

  • From Rhett800cc:

    @pivx4thewin developers have been working hard releasing new features on Zclassic, it’s a community coin, so there is no CEO, like litecoin or dogecoin

As for a news story related to Litecoin getting some buzz:

Mimblewimble Progress Update Thread – Development – Litecointalk Forum

Thanks for the update….Thanks for the updates, David!…Thanks for the update Thanks for the update, David!…great going Thanks for the update!