Litecoin 4 Hour Price Update
Updated August 11, 2020 03:19 PM GMT (11:19 AM EST)
Litecoin came into the current 4 hour candle down 6.63% ($3.83) from the open of the previous 4 hours, marking the 3rd candle in a row it has gone down. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 58.32 US dollars, up 2.37% ($1.35) from yesterday. The change in price came along side change in volume that was up 55.64% from previous day, but down 28.48% from the Monday of last week. On a relative basis, yesterday was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
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 15 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 MrFreshTime:
@Grayscale @TDA4advisors Proof of Work still doesn’t work. Maybe bitcoin can hold on as a store of value but crypto assets like Litecoin have no use case and don’t belong in a Fund like yours. Top heavy with PoW is a mistake
- From MASTERBTCLTC:
Litecoin is money that you can literally send like a text or email to anyone in the world, in seconds with no middle man. #ltc🚀 #litecoin🚀
- From TodorSlavchev:
@GeorgeBLE17 I am wondering why so many people geve up on Litecoin? I researched yesterday some of the “influencers” and have found that they don’t have LTC posts or videos for months. Litecoin is still working fine for me and can’t wait to experiment with MW extension blocks.