Litecoin 4 Hour Price Update
Updated August 29, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin came into the current 4 hour candle down 0.04% ($0.02) from the open of the last 4 hour candle, marking the 2nd consecutive candle a decline has happened. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Litecoin Daily Price Recap
The end of a 3 day negative run has come for Litecoin, which finished the previous day up 2.35% ($1.32). This move happened on lower volume, as yesterday’s volume was down 30.03% from the day before — and down 73.44% 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 the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 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 ashtoshii:
It’s funny how the “litecoin fam” get behind a dad clearly encouraging his daughter to play into the industry she’s attempting to get into. You wanna make sure your daughter has a fair chance and makes a difference? Have her spread actual knowledge. Not ask dumb ass fkn Qs for..
- From GreyEyedJewel:
@litecoin_bull My friends are blown away!!! They have been going over some of the research I gave them and a realizing how they have been lied to!!! Their friends are asking for help now too!!! Looks like I will have a group of at least 11 here tomorrow!!! Wish me luck!!! 😉
- From Sassanidtweets:
I have to admit i fomo bought $YFI when it was 3K USD before knowing what it was or did. I’m happy i did. Now fomo bought $YFV, the litecoin (?) version.Yield aggregators are probably here to stay.The market is going up, i don’t question.