Litecoin 4 Hour Price Update
Updated June 18, 2020 01:35 AM GMT (09:35 PM EST)
The end of a 3 four-hour candle negative run has come for Litecoin, which finished the previous 4 hours up 1.04% ($0.45). Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.
Litecoin Daily Price Recap
Litecoin came into today up 0.34% ($0.15) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on volume that was up 30.56% from the day prior, but down 13.97% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20, 50 and 100 day averages, located at 45.73, 45.2 and 42.97 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 down. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From NimiqCommunity:
C’mon family! 🔥💪
Vote for #Nimiq. A research by @BinanceResearch will mention and strengthen the entire @TEN31Bank family @nimiq @litecoin @zilliqa @paymium @salamantex @tokenpay @TEN31Bank family unite!@coinkit_ mon 10 1000 $nim - From LTCFoundation:
#Litecoin consistently has a median transaction value of ~$50.What does this mean?Median value = the most realistic ‘average’. In this case, for trx value.The median #LTC trx value over the past 24 hrs was $52.25.That’s a lot of @HODLFUELStore
- From Rheoknudson:
@BitBitCrypto When Bitcoin exceeds 15k plus and transaction fees rise again. #Litecoin will be heavily used again as a transaction chain. It’s the 2nd longest running crypto currency under #Bitcoin too. Bitcoin is too expensive to transact in a parabolic bull run. BTC is a good store of value.
