Litecoin (LTC) Up $0.24 in Last 4 Hours, Underperforms All Top Cryptos to Start the Day; 2 Day Up Streak Ended

Litecoin 4 Hour Price Update

Updated July 01, 2020 11:19 PM GMT (07:19 PM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 41.88 US dollars, up 0.58% ($0.24) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂

Litecoin Daily Price Recap

41.19 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved down 1.65% ($0.69) from the day prior. The price move occurred on volume that was down 50.73% from the day prior, but up 15.94% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. The daily price chart of Litecoin below illustrates.

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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 17 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From DaddyCool1991:

    On chain volume for #Litecoin over the past 24 hours was 2,165,307 #LTC That equals ~90,200 LTC per hour in trx’s, or $3,726,200 worth of LTC sent and received per hour.

  • From Crowcatcher2:

    Flip your LTC for HEX, now that LTC it still has value, HEX the best defi project of 2020 for years LTC is not moving get more out of HEX staking, benefits and bigpayday LTC does not have this @litecoin

  • From LuchoPoletti:

    @btccentermiami @CurrencyDesign @CointelegraphZN @CoinFestUK @CoinJournal @xbtnews101 @MrSpinnyG @litecoin_bull Love it. Tom does great work. Best in the industry producing this format, no doubt. In terms of impacting adoption assuming pre-coiners will interact with the notes, it’d be ideal to have more educational copy on them. However not all crypto artists double as #propagandists 😋