Litecoin 4 Hour Price Update
Updated September 07, 2020 01:35 AM GMT (09:35 PM EST)
47.86 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the last 4 hour candle being one in which price moved down 1.3% ($0.63) from the last 4 hour candle. 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
The back and forth price flow continues for Litecoin, which started today off at 47.93 US dollars, up 0.33% ($0.16) from the previous day. This move happened on lower volume, as yesterday’s volume was down 47.51% from the day before — and down 51.4% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From lite_hause:
Even if @SatoshiLite sold his LTC, what does that even matter in regards to Litecoin’s functionality? LTC is still here working perfectly, pumping block after block. It remains one of the most traded coins and is even more decentralized now. A truly sound currency has no “CEO”.
- From STeymoorian:
Dear #Litecoin,I will never leave you. You will never be sold to another for dirty fiat. You are worth so much more than that!You and I will be together forever. Well,….maybe one day I will temporarily let you go to a new home. The place is called Ferrari of…Love,
T.E. - From lite_hause:
I miss buying Litecoin’s at $22. I’m thankful for that down period because I was able to drastically bring my average buy-in price down. Now we’re here buying the dip at 47. Fear & uncertainty bring the best opportunities.
For a longer news piece related to LTC that’s been generating discussion, check out:
New Litecoin update shows MimbleWimble is on track | CryptoSlate
As reported by CryptoSlate earlier this week, data from on-chain analytics firm Arcane Research showed Litecoin briefly traded at a 1,200% premium on Grayscale’s newly launched Litecoin trust….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice….© 2020 CryptoSlate.
