Litecoin (LTC) Up $0.16 in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Fibo Quantum

Litecoin 4 Hour Price Update

Updated June 16, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin came into the current 4 hour candle up 0.37% ($0.16) from the open of the previous 4 hours, marking the 4th candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin Daily Price Recap

Litecoin closed the previous day down 0.57% ($0.25); this denotes the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 106.86% from the previous day (Sunday), and up 64.57% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20, 50 and 100 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 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone down 9 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 britishgirlxrp:

    Coins I gave up on due to lack of development and direction… Litecoin / EOS / Tron … was I wrong. X


    @tylerwinklevoss @Gemini When can we pay with litecoin at gas stations, restaurants, & local stores. This will help us spread money free from middle men.

  • From DaddyCool1991:

    #Litecoin has done over 44,326,678 transactions in just under 9 years with zero down time. Ever.

As for a news story related to Litecoin getting some buzz:

Litecoin trading launches! — LocalCryptos Blog

The world’s most popular non-custodial P2P crypto marketplace….You can start trading Litecoin on the most popular non-custodial P2P crypto marketplace.