Litecoin 4 Hour Price Update
Updated May 02, 2020 05:35 AM GMT (01:35 AM EST)
Litecoin closed the last 4 hour candle up 0.42% ($0.2); this denotes the 2nd candle in a row an upward move has occurred. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Litecoin Daily Price Recap
47.11 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 1.6% ($0.74) from the day prior. This move happened on lower volume, as yesterday’s volume was down 67.06% from the day before — and down 29.38% 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 day prior. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 9 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 litecoin_bull:
The two problems with #Litecoin haters is 1) they decided to be a hater because they watched one yt video 2) that video was made by someone who followed some other #Ltc hater! Be careful what you see and hear anywhere do your own research! ??
- From BoilingPointLLC:
damn I’m feeling major FOMO right now. I seriously want to trade a good chunk of my #Litecoin for #DigiByte right now. #DGB has far more upside IMO.
- From marcony021:
Functional test framework written. Block validation tests completed. Integration with the existing codebase has started. #Litecoin is ready to rocket, take a seats on time, almost ready for the moon ???
In terms of news links for Litecoin here’s one to try:
What is Litecoin? — The Litecoin School
But before you purchase Litecoin, or any cryptocurrency for that matter, it is important to understand what exactly it is that you are buying….This is why blockchains are often referred to as “Distributed Ledger Technology.” Now that you have a general understanding of how blockchains work, let’s talk about Litecoin!…Finally on October 7, 2011, Charlie released an open-source client on github called “Litecoin.” Currently, Litecoin has 4 distinct advantages over Bitcoin: Speed- Litecoin is confirmed faster than Bitcoin because it generates a block every 2.5 minutes as opposed to Bitcoin’s 10 minutes….Technology- Litecoin is capable of testing and implementing technology faster than Bitcoin….This technology is significant because it allows both Bitcoin and Litecoin to scale by allowing more transactions to be processed at once as well as second layer solutions such as the Lightning Network.