Litecoin 4 Hour Price Update
Updated June 19, 2020 07:20 AM GMT (03:20 AM EST)
The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 43.09 US dollars, up 0.19% ($0.08) since the last 4 hour candle. 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
The back and forth price flow continues for Litecoin, which started today off at 43.43 US dollars, down 1.39% ($0.61) from the day prior. This move happened on lower volume, as yesterday’s volume was down 31.96% from the day before — and down 62.58% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From Chainlinkjunkie:
@ErtsasTerje All just guessing… but apply some education to that guess and…$ltc went from 4 dolla to 98 dolla in 5 months back at the beginning of last bull runthat piece of shit #Litecoin did a 2100% 🔥 $link to $17 is 300% from here….we have 5 months until EOY#Chainlink
- From ShaneLunde:
One thing I will say about Litecoin is I just transferred a couple hundred bucks from and exchange to another and it was there before I could open my app.
- From BeardedKrypto:
@HamEggsnSam @bensemchee @RoadtoRoota Ben was the same guy talking about how Litecoin was going to get massive adoption. 😂 Now he thinks the PTB are going to allow decentralized 7 tps software that is controlled by China, to overthrow banks. Good luck with that shit
In terms of news links for Litecoin here’s one to try:
The Lightning Network (Part 1) — The Litecoin School
The Lightning Network (LN) will allow users to have thousands of transactions through a multisig address….(ex: Bitcoin for Litecoin) Since the Lightning Network is a big topic to tackle, I will break it down into three articles: 1) Understanding Multisigs as the backbone of the Lightning Network 2) The Lightning Network Between Two People 3) The Full Picture of the Lightning Network….A Closed Payment Channel is when a initiated transaction has been successfully broadcast to the network. In the example above, this is achieved when all parties in the multisig sign the transaction.