Litecoin 4 Hour Price Update
Updated July 02, 2020 11:19 PM GMT (07:19 PM EST)
Litecoin came into the current 4 hour candle up 0.44% ($0.18) from the open of the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 41.8 US dollars, up 1.48% ($0.61) since the previous day. The change in price came along side change in volume that was up 8.26% from previous day, but down 40.47% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 100 day averages, located at 43.11 and 43.63 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 30 day horizon; over that time period, price has been moving down. 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. For additional context, note that price has gone up 5 out of the past 10 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 johnkim77:
@IOHK_Charles @SatoshiLite Yes, keyword “before.”Any coin can have it’s day but #litecoin has been here since 2011 and has passed the test of time with zero downtime and over $500B transacted over it’s robust network. It’s about resilience, history, and reliability. Price will always do its thing.
- From BarrattSays:
Thanks for the suggestions guys, it seems @changeangel_io is a top draw, how did I not know about this exchange before? Very easy to use, great exchange rate. My exchange is now done and my Digibyte out weigh my litecoin now. Thank you!
- From LuchoPoletti:
@CurrencyDesign @btccentermiami @CointelegraphZN @CoinFestUK @CoinJournal @xbtnews101 @MrSpinnyG @litecoin_bull Pay credit where it’s due 🔥 the notes are definitely a good vehicle to spread the #btc message.Maybe backs could explain concepts like Bitcoin’s sound money fundamentals so people see that although volatile & used for speculation, it’s also a superior long term SoV to fiat.