Litecoin 4 Hour Price Update
Updated June 08, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 46.7 US dollars, down 0.28% ($0.13) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin came into today down 0.3% ($0.14) from the open of the day prior, marking the 3rd day in a row a decrease has occurred. The change in price came along side change in volume that was up 53.67% from previous day, but down 15.49% from the Sunday of last week. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today the current price of Litecoin is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 6 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From johnkim77:
This is the accumulation phase for #Litecoin. LTC has bottomed, which is a good thing. It can’t go much lower. There are two things that will make $LTC shoot up. 1. Last year was LTC Halving and the supply shock will kick in. 2. The mimble wimble implementation will be 👇
- From johnkim77:
the next hot topic.Litecoin lead the way 2017 with +9000% increase. 2019 it lead the whole market with +380% gains bc of it’s Halving. 2020 we were at $80 before the big covid crash. BTC was the main event bc of the halving but LTC will do its thing again & shock many people.
- From MASTERBTCLTC:
7.5 billion people84 million #LitecoinThose who own 1 full litecoin will be a rare group someday.