Litecoin 4 Hour Price Update
Updated June 17, 2020 01:36 AM GMT (09:36 PM EST)
Litecoin is up 0.05% ($0.02) since the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 43.89 US dollars, up 0.27% ($0.12) since yesterday. This move happened on lower volume, as yesterday’s volume was down 42.04% from the day before — and down 28.67% 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 yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 20, 50 and 100 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 down over that time. For additional context, note that price has gone down 8 out of the past 14 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 britishgirlxrp:
Coins I gave up on due to lack of development and direction… Litecoin / EOS / Tron … was I wrong. X
- From MASTERBTCLTC:
@tylerwinklevoss @Gemini When can we pay with litecoin at gas stations, restaurants, & local stores. This will help us spread money free from middle men.
- From DaddyCool1991:
#Litecoin has done over 44,326,678 transactions in just under 9 years with zero down time. Ever.