Litecoin 4 Hour Price Update
Updated July 20, 2020 01:37 AM GMT (09:37 PM EST)
Litecoin closed the previous 4 hours up 0.82% ($0.35); this denotes the 2nd candle in a row an increase has occurred. 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
Litecoin came into today up 0.49% ($0.21) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 14.34% from the day before — and down 47.32% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20, 50 and 100 day averages, located at 43, 43.92 and 44.01 respectively, and thus may be at a key juncture along those timeframes. 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 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
It’s true— Litecoin doesn’t look so hot at the moment when you go on Coinmarketcap. It’s also very low on the LTC/BTC ratio. The proper way to see this is as an opportunity. I suggest looking at historical data showing what happens when LTC is low on the ratio. 🤓
- From lite_hause:
Litecoin had a very fair launch.The crypto community had already gained some traction in ‘11 and the official “start mining date” was announced ahead of time. People had the opportunity to prepare themselves prior to the date. There was no premine.
- From YankeeRuinX:
@jopark2018 @XSNofficial @SatoshiLite @litecoin @LTCFoundation @LiteCoinNews trade $LTC directly from a non-custodial multicurrency lightwallet with built in DEX built on #LightningNetwork ⚡️ Atomic Swaps over LN = instantly settled trades ⚡️⚡️
In terms of news links for Litecoin here’s one to try:
Upcoming Litecoin Technology and General Timelines — The Litecoin School
This is by no means indicative of a timeline that the Litecoin developers are striving for….This means it was not through the LN….When LTC blocks are formed, all the LTC are lumped together….Covenants will allow chosen LTC not to be lumped in with the other coins but be continually bound together in blocks….Jeremy Rubin is currently considering implementing an alternative version of covenants called CheckTemplateVerify onto Litecoin before trying to push it onto Bitcoin….Litecoin is actively developing a version of this through something called MimbleWimble and implementing it via Extension Blocks.