Litecoin 4 Hour Price Update
Updated June 21, 2020 07:18 AM GMT (03:18 AM EST)
Litecoin came into the current 4 hour candle down 0.51% ($0.22) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone down. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Litecoin Daily Price Recap
Litecoin entered today at $43.58, up 1.73% ($0.74) from yesterday. The price move occurred on volume that was down 18.58% from the day prior, but up 23.48% from the same day the week before. On a relative basis, yesterday was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
First things first: Litecoin crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.
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 KennedyFinance:
If Congress passes a $2,000 monthly stimulus, then I’ll immediately buy $24,000 of #Bitcoin and Litecoin with my credit card. I’ll then transfer the balance at 0% for 12 months. This is why you follow me folks!
- From LTCFoundation:
#Litecoin’s blockchain has had 146,796,072 Outputs over 9 yrs.~99% of all #LTC historical outputs have been monetary.Want to have your voice heard? Let your money talk for you.#PayWithLitecoin
- From psalm867:
@litecoin_bull @ROYALMRBADNEWS Candace Owens has been big for quite awhile. Most of us know that.
In terms of news links for Litecoin here’s one to try:
How to Keep your Identity Safe While Transacting Litecoin – Crypto Press
Many cryptocurrency traders like their transactions to be anonymous for several reasons including legal issues and most importantly to maintain privacy for safe transactions….Both Tor and VPN can help safeguard the user’s identity by hiding their personal information as they make it possible to transact using a different IP address and geolocation….Some crypto wallets provide a way in which users can generate new addresses each time they intend to send or receive a cryptocurrency. A Stealth address can be used by anyone who wishes to request funds from the public while keeping his account details including the balance private….While many cryptocurrencies such as bitcoin and Litecoin claim to be anonymous, it is possible to trace transactions to the inception in most of them.