Litecoin 4 Hour Price Update
Updated May 21, 2020 03:18 PM GMT (11:18 AM EST)
42.7 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the previous 4 hours being one in which price moved down 2.8% ($1.23) from the previous 4 hours. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Litecoin Daily Price Recap
The end of a 4 day positive run has come for Litecoin, which finished the previous day down 3.37% ($1.54). The price move occurred on stronger volume; specifically, yesterday’s volume was up 6.72% from the day prior, and up 99.2% 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
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From SatoshiLite:
I’ve braced myself for the hate, but this joke was just too good to pass up! 😂Joke aside, Litecoin launched when there was already a large vibrant crypto community. So it’s extremely unlikely any early miners mined anywhere close to 5% of the coins like Satoshi allegedly did.
- From dgb_chilling:
I can do you one better. Let’s hypothesize that both the $LTC and $DGB blocks are *also* full to the same extent. Mempool will empty both 4x (LTC) and 40x (DGB) faster than #Bitcoin, but tx costs at current USD$ coin values would be 0.06 for #Litecoin or $0.00002 for #DigiByte 🤯
- From dgb_chilling:
To add to the mix, #Litecoin would be a little over USD$0.02 for 5000 Sats, and a 2.5 minute conf time being 10x longer compared to #DigiByte . That is definitely more cost-effective than #Bitcoin but the raw on-chain scaling of $DGB is clearly a winner… 🥰
In terms of news links for Litecoin here’s one to try:
Litecoin Confidential Transactions – Dedicated Fund – Development – Litecointalk Forum
For more information on how opt-in privacy will be implemented onto Litecoin, here are the two Litecoin Improvement Proposals (LIPs): Since the current Litecoin code is very similar to Bitcoin code, David Burkett will have a large task ahead of him….So in order to make sure that this continues to happen even after the MimbleWimble code has been integrated, David will need further resources to make the necessary infrastructure changes so once MimbleWimble code is released on Litecoin, the Litecoin Core developers will still be able to merge changes from future Bitcoin core releases….)https://insight.litecore.io/tx/79345ac565fd99c244431b99f7d67480dda8456b26fa06cfdf6297f3910788ca Thank you Charlie for your continued support & vision for litecoin and the community We are forever grateful David’s update for this month: Mimblewimble Progress Update Thread January pay of $6000 (84.19788186 LTC at 71.2607 LTC/USD) has been sent out to David.
