Litecoin 4 Hour Price Update
Updated August 16, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin is down 0.95% ($0.57) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. 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 last 4 hour candle.
Litecoin Daily Price Recap
Litecoin entered today at $59.92, up 5.47% ($3.11) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 64.9% from the day prior, and up 160.19% from the same day the week before. On a relative basis, the day prior was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 day averages, located at 57.28 respectively, and thus may be at a key juncture along those timeframes. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 18 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
#LTC trading volume the past 24 hours is at 74.7% it’s market cap again (>$2.8 bln), yet barely moves.#LINK is trading at 34.3% (>$2.2 bln) & goes up exponentially.Grayscale has accumulated mucho #Litecoin over the past few weeks. Don’t think it won’t show soon.
- From ultimateviet:
During the bear market all alts dropped 90%+. ETH rebounded and is 5x bottom. That sounds great but LTC is only 2.5x and to me I think it’s a blessing bc I was able to accumulate more. How many ETH did you buy in 200-400 range? Ask me how many LTC I got in $22-60.
#Litecoin - From rektcapital:
Altcoins that broke their long-standing downtrends have enjoyed immense rallies ever since$LTC is at its multi-year downtrend right nowIgnore at your own risk#Litecoin