Litecoin 4 Hour Price Update
Updated July 22, 2020 01:36 AM GMT (09:36 PM EST)
Litecoin came into the current 4 hour candle down 0.25% ($0.11) from the open of the previous 4 hours, marking the 3rd candle in a row a decrease has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
Litecoin entered today at $43.81, up 4.38% ($1.84) from the previous day. As for how volume fared, yesterday’s volume was up 102.03% from the previous day (Monday), and up 33.32% from Tuesday of the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 20 and 50 day moving averages yesterday. 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 16 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
#LTC hit 272.466 Thash/S the last 24 hrsSecurity is a facet of a decentralized #cryptocurrency that can be overlooked, but can also be more important than price.Don’t be fooled by price. #Litecoin dominates Scrypt & is valued by minersThe hash rate cannot be manipulated.
- From nrdgrl007:
Hey $LTC frenz! I’m trying to get @SatoshiLite as a guest on @mineyour_bizI have questions about the social history of crypto at the time of the #Litecoin fork related to my crypto tribalism research. I understand his Twitter is still frozen. Does anyone know what else he uses?
- From cryptobuzznews:
Bitmex is launching a $LTCUSD quanto perpetual swap contract with up to 33x leverage on 30 July 2020. This is the fifth quanto contract to be launched on the #BitMEX platform, offering users further diversification of trading opportunities. $LTC #LTCUSD #Litecoin
As for a news story related to Litecoin getting some buzz:
Litecoin vs. XinFin: Why Permissioned Blockchains are the Need of the Hour | by Vinn | Medium
Due to using the PoW protocol, the Litecoin network has so far delivered a record transaction speed of 56 transactions per second….Block Creation Time and Block Reward Transaction speed brings us to block creation time….It can be questioned that the block reward for mining is lower in the case of XinFin as compared to Litecoin, but let’s not forget that the block creation time, and hence the energy consumed to create one block on XinFin is far lesser than that of Litecoin….This is the reason why a blockchain such as XinFin, which renders the features of a permissioned or private as well as a permissionless blockchain, is important to exist and bring the enterprise sector into the blockchain industry.