Litecoin 4 Hour Price Update
Updated August 03, 2020 07:18 PM GMT (03:18 PM EST)
Litecoin is up 0.97% ($0.57) since the previous 4 hours, marking the 5th candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
Litecoin is down 8.04% ($4.96) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 20.67% from the day prior, and up 116.84% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.
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 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 TheBitfi:
It kind of crazy that Litecoin & BitcoinCash have a much higher market cap than #DigiByte. That’s why we are buying as much as of it as we can. If everything was always at the price it should be, there would never be any way of making money from investing.
- From lite_hause:
Most Litecoin holders I’ve talked to don’t give a crap about Charlie Lee selling his coins. It seems like most people clinging onto this are other-coiners trying to find a reason to hate Litecoin.
- From lite_hause:
Opinion—
Until Bitcoin’s layer 2 tech is seamlessly integrated, Litecoin will be essential for picking up BTC’s slack (refer to 2017, BTC=slow). I think we’re at least 5+ years from that.At that point, LTC will also have 2nd layer tech and will still likely be cheaper.
