Litecoin 4 Hour Price Update
Updated August 13, 2020 03:19 PM GMT (11:19 AM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 54.12 US dollars, down 0.72% ($0.39) 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 entered today at $54.55, up 0.79% ($0.43) from the day prior. This move happened on lower volume, as yesterday’s volume was down 38.3% from the day before — and down 26.34% 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 the day prior. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 20 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 up over that time. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading 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 DaddyCool1991:
#Litecoin has had over $530 mln sent over it’s blockchain in the past 24 hrs.That is 15% it’s entire market cap moving in 1 day..Only 17.39% came from 100 or less #LTC trx’s, with over 44,600 total trx’s total.Median trx amount was $64.04
- From DaddyCool1991:
#Litecoin: A Health Thread5) Overall, Litecoin has grown in every category. Price has lagged even though #LTC has even led #BTC in growth % in wallets, use, etc.LTC/BTC ratio is at oscillator lows, also.Mimblewimble & CTV are key technological improvements coming as well.
- From CC02605527:
@litecoin_bull @NancyAlaimo @ROYALMRBADNEWS @bhinlr At the SOTU a woman here on Twitter (gunner’s wife) read the lips of Congress and it was BAD-Harris too.
Many seemingly were plotting to poison Trump.
It makes me wonder if this Covid event had to take place to arrest many of these people.