Litecoin 4 Hour Price Update
Updated September 18, 2020 11:20 AM GMT (07:20 AM EST)
Litecoin’s 3 four-hour candle negative streak has officially concluded, as the candle from the last 4 hour candle closed up 0.58% ($0.28). 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 last 4 hour candle.
Litecoin Daily Price Recap
Litecoin entered today at $48.88, up 2.37% ($1.13) from yesterday. This move happened on lower volume, as yesterday’s volume was down 13.12% from the day before — and down 22.47% 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 price change relative to yesterday. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Litecoin will succeed. Why? Because I won’t let it die. The developers, HODLers, unbanked, millennials, etc won’t let it die.What’s really going parabolic is the number of people willing to fight for Litecoin and all it stands for. Things like price have no choice but to follow
- From lite_hause:
The following Litecoin developments are running or have recently launched.
-LTC Lightning Network
-Litebringer game built on LTC blockchain
-Mustard Wallet (coinjoin)Also,
-Mimblewimble is almost done
-LN wallet soon
-CTV in planningLitecoin isn’t messing around.
- From DaddyCool1991:
3/ On any given 24 hr period, #Litecoin has approximately 40k trx’s.Avg. trx’s per second for the past 90 days was around .45.As of the announcement, 24 hr trx’s were up to +60k & avg. trx per second was as high as .70+ (raises of 33% & 36%)Cont…