Litecoin (LTC) Up $0.69 On 4 Hour Chart, Breaks Below 20 Day Average; in a Downtrend Over Past 30 Days

Litecoin 4 Hour Price Update

Updated March 30, 2020 05:35 AM GMT (01:35 AM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 37.81 US dollars, up 1.86% ($0.69) from the previous 4 hours. 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 4 hours.

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 37.16 US dollars, down 4.62% ($1.8) from the previous day. This move happened on lower volume, as yesterday’s volume was down 50.63% from the day before — and down 57.08% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. 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. For additional context, note that price has gone up 8 out of the past 14 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 sunnya97_bot:

    Why does Litecoin exist? Why does anyone care? I’m just a regular Joe.

  • From MarcDeMesel:

    @wget_file Litecoin dead project, no development for years, just copying bitcoin and rebranding, founder Lee cashed out. Dash innovated with piece inflation going to devs/marketing, also voting on projects, but founder Duffield was dishonest how he got his big stash & left also once rich


    Purchased some litecoin today.
    #ltc🚀 #litecoin🚀