Litecoin 4 Hour Price Update
Updated September 24, 2020 07:19 AM GMT (03:19 AM EST)
Litecoin came into the current 4 hour candle up 0.34% ($0.15) from the open of the previous 4 hours, marking the 2nd straight candle an increase has occurred. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 42.94 US dollars, down 3.51% ($1.56) from the day prior. This move happened on lower volume, as yesterday’s volume was down 17.59% from the day before — and down 27.15% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Litecoin.
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 down. For another vantage point, consider that Litecoin’s price has gone down 7 of the previous 10 trading days.