Litecoin 4 Hour Price Update
Updated August 05, 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 58.76 US dollars, down 0.69% ($0.41) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 57.63 US dollars, down 1.54% ($0.9) from the previous day. This move happened on lower volume, as yesterday’s volume was down 25.89% from the day before — and down 62.92% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone down 15 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From SatoshiLite:
@DGB_LTC_J As time goes on, code will ossify, and there won’t be that much development. Litecoin also has the advantage of being able to take all of the work Bitcoin devs do. So we don’t need much funding, except for MW. I’m happy to fund MW along with the community. So far it’s good.
- From CoinSwitchKuber:
? 2nd question on #WinEverydayWithKuber contest! ?Which coin was the latest addition on Kuber?A. Litecoin
B. Stellar
C. DigiByte
D. ZcashAnswer in replies & tag 3 friends to participate ?♂️Win Rs.100 worth TRX ?One Winner will be picked in 30 minutes! Quick! ? - From Asadharari:
When banks fail, they get bailedout. When banks succeed, the top shareholders, CEOs, and execs get rich. When #Litecoin succeeds WE ALL SUCCEED. when it crashes 50% again WE BUY THE DIP. #LTC #BTC for the people ????
In terms of news links for Litecoin here’s one to try:
Litecoin plans cross chain communication with Cardano and huge update
Conceived as a feature that will improve the scalability of Litecoin’s network, the initial block download will allow transactions to be verified only by checking the “state of the chain”….Therefore, MimbleWimble will have a different verification mechanism than Bitcoin, a miner will not need to download all blocks on Litecoin to verify transactions….Through a publication on Twitter, Hoskinson stated that he “loves” the idea of a cross chain communication between Litecoin and Cardano….I love the idea of testing cross chain communication between Litecoin and Cardano.