Litecoin 4 Hour Price Update
Updated May 28, 2020 01:35 AM GMT (09:35 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 43.48 US dollars, down 0.32% ($0.14) since the last 4 hour candle. 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
The back and forth price flow continues for Litecoin, which started today off at 43.86 US dollars, up 3.74% ($1.58) from the previous day. This move happened on lower volume, as yesterday’s volume was down 28.3% from the day before — and down 67.09% 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. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
First things first: Litecoin crossed above 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.
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 22loops:
At the time, “shorting Litecoin” was dubbed as guaranteed money. It dropped day after day. The kid used to nag me with all these immature questions about the price. I couldn’t care less. Sometimes I’d try and answer. Sometimes I didn’t. I simply had no interest in it.
- From 22loops:
Im chasing shitcoins at the time and ask dude if he’d like to pitch in a couple of BTC. Sais he’s only interested in Litecoin. Doesn’t wanna hear about anything other than Bitcoin’s silver. This goes on for a while. Until one day I point his attention to this new coin; Bitmark.
- From 22loops:
So one day I ask him if he’s still holding Litecoin. He sais ‘yes’. I tell him to sell because it looks like it’s about to drop. He’s clearly thinking different mentioning these new indicators he’s using now. I didn’t want to push it. Cool. Just hodl then… He sais; “OKE”
