Litecoin 4 Hour Price Update
Updated August 22, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin is down 1.78% ($1.08) since the previous 4 hours, marking the 5th candle in a row it has gone down. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Litecoin Daily Price Recap
Litecoin entered today at $59.16, down 5.83% ($3.66) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 22.88% from the day prior, and up 162.33% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. 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 telltaleatheist:
a little free investment advice: dont invest yet. the stock market is going to crash again, and soon. my guess is in the next 6 months. hold on to it and wait. or invest it in a smaller cryptocurrency like litecoin. after it crashes, sell the crypto and buy stocks
- From MASTERBTCLTC:
I believe in bitcoin so much that I own more litecoin. If you truly understand bitcoin then you can see litecoin will survive as well. Litecoin has all the same qualities of bitcoin & a couple key differences one is that there isn’t a satoshi stash. #ltc? #litecoin?
- From LucaNetz:
I’ve been seeing a trend with parabolic stocks / Coins with CEOs with large followings. I had my first 100k day with litecoin back in 2018 because Charlie Lee was so big back then. I would’ve caught square and Tesla better if I didn’t let this go over my head