Litecoin 4 Hour Price Update
Updated May 27, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin closed the last 4 hour candle up 0.62% ($0.26); this denotes the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin entered today at $42.28, down 1.54% ($0.66) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.81% from the day before — and down 51.02% 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 previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From 22loops:
A Chatroom regular introduced me to this young kid with a fulltime interest in Litecoin. This was back in 2014 when ‘shorting Litecoin’ was the new rage. No exact idea how old, but he couldn’t have been older than 16 yrs old. He was behind some of the most viral meme’s om CT.
- From DaddyCool1991:
In the last 24 hours, 32, 055 #Litecoin trx’s were sent
These came from 30,830 individual #LTC addresses
Total value of all trx’s was $180,538,800
Median trx value was $39.49
Median trx fee was $0.0008 - From MASTERBTCLTC:
@CryptoMichNL Litecoin here is why
☑️ 4x faster blocks
☑️ digital silver
☑️ 84M
☑️ 8+ yrs
☑️ no premine
☑️ POW
☑️ King of Scrypt
☑️ No satoshi stash
☑️ On all ATMs
☑️ BTC twin
☑️ 4Y halvings
☑️ Oscillator
☑️ litecoinfam
☑️ Atomic swaps
☑️ ⚡️
☑️ MimbleWimble
☑️ 100% uptime
☑️ Gemini Pay
For a longer news piece related to LTC that’s been generating discussion, check out:
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