Litecoin 4 Hour Price Update
Updated July 30, 2020 01:35 AM GMT (09:35 PM 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 55.78 US dollars, down 0.13% ($0.07) since the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
55.22 (USD) was the opening price of the day for Litecoin, resulting in the previous day being one in which price moved down 1.13% ($0.63) from the previous day. The price move occurred on volume that was down 47.12% from the day prior, but up 236.77% 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
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 5 out of the past 10 days.
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 THEAnnette:
@RichardHeartWin @SatoshiLite Can’t imagine where Litecoin would be if @SatoshiLite hadn’t dumped ALL his Litecoin at the top. Will it ever recover? We shall see! Thankfully I got into Litecoin early before the pump of 2017 but I flipped all my Litecoin for #Hex and never looked back. Best move I ever made!
- From WallySaurusHEX:
@SatoshiLite litecoin is the only coin i will forever hate. Being dumped on the top by the founder and he claims it was a due to a conflict of interest is pure bs. I would of respected more if he had said that he was takin profits.
- From johnkim77:
@Asadharari @Venkate11772346 I believe in a mega bullrun litecoin will outperform bitcoin in % increase. If btc doubles last bullrun price to 40k then litecoin can reach 1k.We just never know how this bull run will play out. It’s my belief under the conditions next run will make 2017 look like a warm up
As for a news story related to Litecoin getting some buzz:
Litecoin Foundation – Donate crypto at Blockchair Donut
Support the nonprofit leading development and security of the Litecoin global payment network….David provides a monthly progress report which you can read on litecointalk.io In addition, The Litecoin Foundation helps to support adoption and align key partnerships to give Litecoin users financial tools to help with growth of the currency.