Litecoin 4 Hour Price Update
Updated July 10, 2020 11:19 PM GMT (07:19 PM EST)
Litecoin entered the current 4 hour candle at $44.25, up 0.23% ($0.1) 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
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 44.37 US dollars, down 2.14% ($0.97) since the previous day. The change in price came along side change in volume that was down 30.06% from previous day, but up 58.99% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day 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 Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Litecoin’s price has gone up 15 of the previous 30 trading 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 BitrueOfficial:
Our $LTC Litecoin wallet is now offline for maintenance.‼️When it comes back online, your LTC wallet address will be different‼️If you have your old address whitelisted or saved anywhere you MUST update it, as any funds sent to the old address will not be recoverable.
- From TheWorldsAMine:
Im going to keep this giveaway going for quite a while longer.
I want to give this sponsor more exposure since we had a few big giveaways that hid this sponsors giveaway time of $60 in LiteCoin. - From crypto_bobby:
Litecoin is like Bitcoin, but faster. And it only earns $400 in transaction fees every 24 hours. And it would only cost ~ $20k for a 51% attack. And there is one person funding the foundation that develops it. But yes, exactly like Bitcoin.
In terms of news links for Litecoin here’s one to try:
Litecoin (LTC) Price Index — CoinDesk 20
To create Litecoin, Lee copied the Bitcoin codebase, increased the total supply, and changed the speed at which new blocks are added to the blockchain….Sign up for our newsletter By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.