Litecoin 4 Hour Price Update
Updated June 07, 2020 01:36 AM GMT (09:36 PM EST)
Litecoin entered the current 4 hour candle at $46.74, down 0% ($0) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin closed the day prior down 0.11% ($0.05); this denotes 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. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
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 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
