Litecoin (LTC) Up $0.38 in Last 4 Hours; Came Into Today Down For the 2nd Day In A Row

Litecoin 4 Hour Price Update

Updated May 25, 2020 07:18 PM GMT (03:18 PM EST)

The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 43.05 US dollars, up 0.89% ($0.38) since the last 4 hour candle. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin came into today down 3.92% ($1.72) from the open of the day prior, marking the 2nd day in a row a decline has happened. The price move occurred on volume that was up 8.77% from the day prior, but down 28.87% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From DaddyCool1991:

    #Litecoin’s hashrate on 5/23/2017 was 6.8142 T
    #LTC’s hashrate today, 5/23/2020 is 201.6057 TThe current hashrate is only about 64 T above the bottom over the past 2 years (around 137 Te), yet is still over 29.5x higher than 3 years ago.

  • From litecoin_bull:

    The #Litecoin community is plagued with bullying!. When Some asshole who has been in #crypto one week and instantly an expert! Yes that old chestnut! Just remember when you hurl that onslaught of abuse there is another human on the receiving end! #Crypto is about COMMUNITY.

  • From DaddyCool1991:

    In the last 24 hours, out of 25,666 #Litecoin sent trx’s, 22,109 of those trx’s cost $0.02 or less (87% of all trx’s).1,432 cost $0.04
    1,106 cost $0.06
    328 cost $0.08
    781 cost $0.10+Median value of a #LTC sent trx was $59.11
    Medican cost of a LTC sent trx was $0.0011