Litecoin (LTC) Down $0.12 On 4 Hour Chart, 2 Day Up Streak Snapped; Price Base in Formation Over Past 90 Days

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Litecoin 4 Hour Price Update

Updated May 30, 2020 03:19 AM GMT (11:19 PM EST)

Litecoin closed the previous 4 hours down 0.27% ($0.12); this denotes the 3rd candle in a row it has gone down. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 44.47 US dollars, down 0.6% ($0.27) from yesterday. This move happened on lower volume, as yesterday’s volume was down 2.9% from the day before — and down 70.97% 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 yesterday. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 6 them.

Overheard on Twitter

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

  • From DaddyCool1991:

    In the past 24 hours, $131,894,217 of #Litecoin was sent.This constitutes 4.54% of #LTC’s existing market cap moving within 24 hours.Median value of trx’s within these 24 hours was $44.74

  • From anndylian:

    @matweeday @crypto_lite I know what LTC can do. I do hold some too. Their roadmap and future plans, I am also aware. Other things, you have to get Charlie @SatoshiLite to clarify. I can say only one thing. If #litecoin #LTC is considered a scam #altcoin, then what about the these?

  • From DGB_LTC_J:

    I remember a while ago that Digibyte was the unloved child and then suddenly out of the blue… BAM! Moon Gains.At the moment that unloved child is… Litecoin.Not financial advice. Make your own decisions and take responsibility for them. 👍