Litecoin 4 Hour Price Update
Updated March 26, 2020 05:35 AM GMT (01:35 AM EST)
Litecoin came into the current 4 hour candle up 0.31% ($0.12) from the open of the last 4 hour candle, marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin entered today at 39.27 in US dollars, down 3.51% ($1.43) from the previous day. This move happened on lower volume, as yesterday’s volume was down 7.06% from the day before — and down 3.52% from the same day the week before. 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 day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
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. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Also of note is that on a 90 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 6 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 RyanSAdams:
“XRP the standard””Money legos””Bitcoin is digital gold””ETH is money””Ethereum killers””DeFi””HODL””stacking sats””Bitcoin cash””Maximalist””Blockchain not Bitcoin””The interchain””Litecoin is digital silver”Which crypto memes am I missing?
- From SydneyIfergan:
The World is keeping fingers crossed for corona recoveries. This is also the first time when many people are prospecting to buy #Litecoin, #Bitcoin and others. The world now knows it is not too much panic, but lot of reason.
- From MASTERBTCLTC:
💥84M litecoins to ever be produced.
💥Target of 2.5-minute block intervals.
💥Halving event occuring every 840,000 blocks (approximately every 4 years)