Litecoin (LTC) Down $0.07 Over Past 4 Hours, Crosses 100 Day Moving Average; in a Downtrend Over Past 14 Days

Fibo Quantum

Litecoin 4 Hour Price Update

Updated June 20, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin closed the last 4 hour candle down 0.16% ($0.07); this denotes the 2nd candle in a row a decrease has occurred. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin closed the previous day down 1.36% ($0.59); this denotes the 2nd day in a row a decline has happened. The price move occurred on volume that was up 13.75% from the day prior, but down 33.87% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.

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 LTCFoundation:

    #Litecoin has a strong, vibrant community. Help us recognize those who contribute to the awareness, education and adoption of #ltc by posting their handles & accomplishments here.We’ll start: @bigkerrytweets @Keith8Yong @MillaLiraj @loshan1212 @I_Make_Lemonade @ecurrencyhodler

  • From I_Make_Lemonade:

    @LTCFoundation @bigkerrytweets @Keith8Yong @MillaLiraj @loshan1212 @ecurrencyhodler I just love this thread! So many great people in the #litecoinfam and room for everyone who is interested in learning more about Litecoin. Few more! @jmo061587 @jLTCcope @GetCoinz20 @BHSpeaks @realPoseidonLuu @boilingwatersph @Jean_LitePicard @PB_and_J_LITE

  • From I_Make_Lemonade:

    @LTCFoundation @bigkerrytweets @Keith8Yong @MillaLiraj @loshan1212 @ecurrencyhodler I’ve thought about several more friends in the LitecoinFam
    @ScottJones1025
    @l3l2ucelee @LesleyRHafalia and @TheNvsibleHand
    Always positive and upbeat when it comes to Litecoin 💪🏼🔥