Litecoin 4 Hour Price Update
Updated August 12, 2020 03:19 PM GMT (11:19 AM EST)
Litecoin closed the previous 4 hours up 0.72% ($0.39); this denotes the 3rd consecutive candle an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 54.12 US dollars, down 7.2% ($4.2) from the previous day. As for how volume fared, yesterday’s volume was up 46.36% from the previous day (Monday), and up 41.26% from Tuesday of the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 20 day moving average yesterday. 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. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From lite_hause:
Litecoin is only two years younger than Bitcoin (2011 vs. 2009) and has had zero downtime since its inception. It has 9 years of proven track record and remains one of the most highly transacted with altcoins.DYOR and don’t listen to false narratives.
- From BTC_JackSparrow:
@bullterrivel I trade supply/demand exhaustion forming trends – which approach could care less about such odds. I have tradeable, technical odds right in front of me. Also, the Bitcoin community cares as any implementation on Litecoin is likely to be able to be easily ported to Bitcoin.
- From CC02605527:
@litecoin_bull @NancyAlaimo @ROYALMRBADNEWS @bhinlr At the SOTU a woman here on Twitter (gunner’s wife) read the lips of Congress and it was BAD-Harris too.
Many seemingly were plotting to poison Trump.
It makes me wonder if this Covid event had to take place to arrest many of these people.