Litecoin 4 Hour Price Update
Updated May 08, 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 47.48 US dollars, down 0.5% ($0.24) since the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin’s 4 day negative streak has officially concluded, as the candle from the previous day closed up 5.4% ($2.43). The change in price came along side change in volume that was up 57.35% from previous day, but down 41.06% from the Thursday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. 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
Over on Twitter, here were the top tweets about Litecoin:
- From TEN31Bank:
TEN31 NewstimeWe are proud to announce that Charlie Lee from @litecoin has joined the advisory board of TEN31 Bank.Thank you, Charlie, for the amazing and valuable support!@SatoshiLite TEN31 – Connecting the dots 🚀
- From DGB_LTC_J:
OK, I screwed up HUGELY by selling my DigiBytes. Time to move on and try again. Current portfolio :
80% LITECOIN (LTC)
15% DOGECOIN (DOGE)
5% Decentraland (MANA)I can conquer all through Him that gives me strength.
God with me. - From satoshiworld1:
As long as #digibyte market cap is below #litecoin
Im calling #dgb under valued.
I know you all agree
For a longer news piece related to LTC that’s been generating discussion, check out:
How to Create and Spend a Litecoin Paper Wallet — The Litecoin School
Paper If you remember from “Understanding Wallets,” a private key is an alphanumeric string of characters that’s tied to your public key which is used to derive your Litecoin address. Seedkeys are also used in Hierarchical Deterministic wallets to derive your private keys, public keys, and Litecoin address. Therefore, private keys and seed keys will be the information you’ll need….This means you take a LTC address from a wallet you have as well as its corresponding private key or seedkey and input them into a QR code generator.
