Litecoin 4 Hour Price Update
Updated August 05, 2020 11:19 AM GMT (07:19 AM EST)
Litecoin came into the current 4 hour candle up 2.21% ($1.28) from the open of the last 4 hour candle, marking the 2nd candle in a row an upward move 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 last 4 hour candle.
Litecoin Daily Price Recap
The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 57.63 US dollars, down 1.54% ($0.9) since the previous day. This move happened on lower volume, as yesterday’s volume was down 25.89% from the day before — and down 62.92% 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. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.
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 SatoshiLite:
@DGB_LTC_J As time goes on, code will ossify, and there won’t be that much development. Litecoin also has the advantage of being able to take all of the work Bitcoin devs do. So we don’t need much funding, except for MW. I’m happy to fund MW along with the community. So far it’s good.
- From CoinSwitchKuber:
🚨 2nd question on #WinEverydayWithKuber contest! 🎉Which coin was the latest addition on Kuber?A. Litecoin
B. Stellar
C. DigiByte
D. ZcashAnswer in replies & tag 3 friends to participate 👯♂️Win Rs.100 worth TRX 🥳One Winner will be picked in 30 minutes! Quick! 🚨 - From Asadharari:
When banks fail, they get bailedout. When banks succeed, the top shareholders, CEOs, and execs get rich. When #Litecoin succeeds WE ALL SUCCEED. when it crashes 50% again WE BUY THE DIP. #LTC #BTC for the people 👊🏽💪🏽
As for a news story related to Litecoin getting some buzz:
The first game on the Litecoin blockchain launched – The Cryptonomist
The peculiarity of this game is that it fully integrates the Litecoin blockchain, so there are no servers, and all operations are recorded directly on the blockchain, eliminating the risk of errors or that someone could cheat….To encourage the use of the game it was decided to integrate a faucet so as to eliminate the entry barrier for those who do not have Litecoin (LTC) and make the gaming experience fluid.