Litecoin (LTC) Down $0.78 in Last 4 Hours, Entered Today Down 0.2%; Pin Bar Pattern Appearing on Chart

Fibo Quantum

Litecoin 4 Hour Price Update

Updated April 28, 2020 05:35 AM GMT (01:35 AM EST)

Litecoin entered the current 4 hour candle at 43.78 in US dollars, down 1.75% ($0.78) from the last 4 hour candle. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Litecoin Daily Price Recap

44.52 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 0.2% ($0.09) from yesterday. The price move occurred on volume that was up 25.68% from the day prior, but down 18.2% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed up. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From I_Make_Lemonade:

    @LTCFoundation @changeangel_io @_CLINTWESTWOOD_ Maybe you can do a performance at The Litecoin Summit this year @_CLINTWESTWOOD_ 😎This was a lot of fun. Crypto has a great cast of characters but imo hands down – #LitecoinFam stands apart. 🌈🍋🌈🍋🌈🍋🌈🍋Thanks @changeangel_io for being creative and giving. 😇

  • From masterltcbtcbot:

    The current LTCBTC ratio is 0.00580618Litecoin is an oscillator to bitcoin & next peak cycle we expect the LTCBTC ratio to peak around .025At today’s bitcoin price we expect litecoin’s price to be: $77 at .010
    $116 at .015
    $154 at .020
    $193 at .025$484 at .0625 max

  • From griffdaddyfresh:

    Me: hey sweetie can I have some of your #Litecoin ?Daughter: I already told you no, stop asking.