Litecoin 4 Hour Price Update
Updated August 07, 2020 11:19 AM GMT (07:19 AM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 60.02 US dollars, up 0.79% ($0.47) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin is up 0.27% ($0.16) since the previous day, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 4.04% from previous day, but down 26.71% from the Thursday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From ultimateviet:
After 3 yrs im still a noob. I fomo every chance i get lol. These have been very poor decisions but one day it will payoff tremendously. The key is to dollar cost average. I no longer have to wait until $500 LTC price to make bank. Ill be fine with $150 for now.
#Litecoin - From lite_hause:
If you like grassroots movements, you’d like Litecoin. No multi-million dollar ICO launch, no premine and no hidden founders stash.It’s one of the very few fairly launched coins.
- From flappening:
During the last #bullrun, #Litecoin closed around 60 dollars on the weekly in the middle of November. A mere 5 weeks later, we saw the all time high. Never underestimate the speed at which things can happen.
For a longer news piece related to LTC that’s been generating discussion, check out:
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.
