Litecoin 4 Hour Price Update
Updated July 07, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 43.97 US dollars, up 0.94% ($0.41) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
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 44.07 US dollars, up 5.84% ($2.43) since yesterday. The change in price came along side change in volume that was up 148.68% from previous day, but down 9.47% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed above its 20, 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From johnkim77:
@jonnylitecoin @giacomozucco @hodlonaut I’ve been consistent with my msg. Bitcoin is king and the most secure, valuable, Censorship Resistant Money. But I believe litecoin shares the same DNA with less security & value. But we didn’t hijack the brand name and pretend to be better than BTC. It will be a good debate.
- From HamEggsnSam:
@jonnylitecoin Jon – I think your correct about Bitcoin. I don’t think Bitcoin or Litecoin will work for payments in the long term. I would be more than happy to have a cordial discussion with you about this.
- From chadha_mayur:
@Crypto_keeper_J I agree with you, i am always open to hear other people thoughts but there is a way. I hodl Bitcoin, litecoin, digibyte and few others but always open to change with time. Rigidity in thought process makes you miss new ideas and opportunities
As for a news story related to Litecoin getting some buzz:
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