Litecoin 4 Hour Price Update
Updated September 16, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin came into the current 4 hour candle down 0.86% ($0.42) from the open of the last 4 hour candle, marking the 3rd consecutive candle a decrease has occurred. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the last 4 hour candle.
Litecoin Daily Price Recap
Litecoin entered today at $48.32, down 1.59% ($0.78) from the day prior. This move happened on lower volume, as yesterday’s volume was down 15.24% from the day before — and down 18.15% 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 down over that time. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From BoPolny:
Hey @johnkim77 @LTCFoundation relax… @Litecoin’s BIG UP TIME CYCLE is coming… but NOT just yet, it comes AFTER @realDonaldTrump WINS the November 3 US ELECTION, then watch for an EXCITING finish to year for @Litecoin!!! Keep up the great work.
- From __Bullish__:
We want to thank everyone for participating in the #Litecoin giveaway!I’ve sent a DM to the random chosen winner, so make sure to check your DM to see if you have won the 3.10 #LTC.If you haven’t won, then i wish you the best of luck in the next giveaway(s).
- From HamelAnnemarie:
@litecoin_bull @ROYALMRBADNEWS @DaM_DavandMax @AnOpenSecret Good morning Judge + !! Morning brothers and sisters on this feed !! Good morning America!! ❤️🇺🇸🔥🔥Full school day of attendance at the high school ! Praying and keeping a good attitude/ many are still grumbly about reopening 🤷🏼♀️🤷🏼♀️🙆🏼♀️Blessings to all ❤️
As for a news story related to Litecoin getting some buzz:
“One of the pioneers of online gaming taking the next step and developing the first true Litecoin game is great to see”, remarks Charlie Lee, the creator of Litecoin….“If running an MMORPG for more than 20 years has taught us anything, it’s this: It’s the players who make any online game work.