Litecoin (LTC) Up $0.21 in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

Fibo Quantum

Litecoin 4 Hour Price Update

Updated May 29, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin entered the current 4 hour candle at $44.54, up 0.47% ($0.21) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin closed the day prior up 2.01% ($0.88); this denotes the 2nd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 21.33% from the day before — and down 71.79% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 50 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 them.

Overheard on Twitter

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

  • From itsyaboymattyg:

    @MASTERBTCLTC @PeterMcCormack @tylerwinklevoss Hey dude have you heard of litecoin? Look into litecoin! Litecoin bro! Check it out. Its called lite coin. LITECOIN. LOOK INTO IT BRO
    . O Y M Y G UY C H E C K O U T L T C.How did I do?

  • From johnkim77:

    Going live tonight at 9:30PM EST, with @jonnylitecoin and possibly @DaddyCool1991 to talk about #litecoin and new information on manipulations going on in other blockchain transactions.

  • From z606227:

    @GoodTexture ..and #Litecoin . Founder tweaked #btc code, pumped it and dumped all on ATH. Praised.
    Richard Heart worked two years developing innovative solution ground-up: scammer.