Litecoin (LTC) Down $0.15 On 4 Hour Chart, 3 Day Up Streak Ended; Breaks Below 50 Day Average

June 14, 2020 Editor Litecoin 0

Litecoin 4 Hour Price Update

Updated May 16, 2020 03:18 PM GMT (11:18 AM 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 43.15 US dollars, down 0.35% ($0.15) 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 2.86% ($1.26) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.87% from the day prior, and up 60.63% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since yesterday. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From ChekaZ_:

    Let’s fire out some more $LTC! – A simple retweet will deliver the litecoins directly to your CoinKit wallets over the Litecoin-Blockchain! Take a look at the #litecoin explorer while it’s going, can you spot the CoinKit transactions?@coinkit_ mon 0.0005 555 #LTC #CoinKit

  • From sumcoinlabs:

    #Litecoin has 18 Sextillion hashes of chain work over 9 years. #Sumcoin has 2 Quintillion hashes of chain work in just over 1 year. With $SUM having exponentially higher transactions per day, it could have higher chain work than $LTC within 1 year 😳

  • From MASTERBTCLTC:

    Today you can get 220 litecoin for every 1 bitcoin…I have personally seen it where you can get only 40 litecoin for 1 bitcoin History is repeating the same thing occurred last time before bitcoin broke all time high