Litecoin 4 Hour Price Update
Updated June 07, 2020 03:20 AM GMT (11:20 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 46.69 US dollars, down 0.24% ($0.11) since the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the last 4 hour candle.
Litecoin Daily Price Recap
Litecoin is down 0.11% ($0.05) since the day prior, marking the 2nd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 36.51% from the day before — and down 47.66% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 50 day averages, located at 45.11 and 44.83 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From CryptoGainz1:
“What’s wrong with brave inserting ref link redirects in a stealth update?”“What’s wrong with Charlee Lee dumping litecoin at the top?”Nothing, really. It’s just a reminder that even high cap alt coins regrettably end up as unsustainable projects with no stream of revenue.
- From Androiddocwales:
@dobartim1 @BlockWorksGroup @DGBAT_Official We all need to do a little to push for adoption of crypto.i no longer give birthday or xmas gifts,i give loved ones #litecoin or #digibyte.
I encourage family and friends to get a crypto #atmcard to cashout or spend anytime.we are all still early adopters ? - From TheNvsibleHand:
@legend_zog @jonnylitecoin Not directing at 1 person, but a general statement.Most people in crypto now leave their coins on exchanges, never transact, and think of them as stocks.And I know you working for adoption, I know you transact, and I know you know1 #Litecoin = 1 #Litecoin