Litecoin 4 Hour Price Update
Updated August 14, 2020 03:19 PM GMT (11:19 AM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 56.25 US dollars, down 0.57% ($0.32) from the previous 4 hours. 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 previous 4 hours.
Litecoin Daily Price Recap
Litecoin came into today up 4.84% ($2.64) from the open of yesterday, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 24.05% from previous day, but down 12.17% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin crossed above its 20 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.
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 johnkim77:
I hold #bitcoin and #litecoin long term bc it’s decentralized, POW, high security and liquidity, time tested, and reliable. But, 2020 is a crazy year where nothing makes sense. I invested in #chainlink while back and it’s an ERC20 token with pre mine but it has crazy momentum.
- From DaddyCool1991:
#Litecoin: A Health Thread5) Overall, Litecoin has grown in every category. Price has lagged even though #LTC has even led #BTC in growth % in wallets, use, etc.LTC/BTC ratio is at oscillator lows, also.Mimblewimble & CTV are key technological improvements coming as well.
- From lite_hause:
Throughout several months last year, I used Litecoin to send money abroad to a family member. Before this, it was all previously done via wire transfer and was an extreme inconvenience. Shout out to @Bitso exchange for making the cash out process so efficient. 🙌🏼