Litecoin 4 Hour Price Update
Updated June 10, 2020 03:20 PM GMT (11:20 AM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 46.15 US dollars, up 0.74% ($0.34) from the last 4 hour candle. On a relative basis, the last 4 hour candle were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂
Litecoin Daily Price Recap
Litecoin closed yesterday down 1.18% ($0.55); this denotes the 5th day in a row a decrease has occurred. The price move occurred on volume that was up 33.47% from the day prior, but down 57.1% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 7 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From dgb_chilling:
@Eljaboom Found #Bitcoin, started mining. Found #Litecoin, was faster / bigger max supply / seemed better. Stopped with BTC. Found #DigiByte Feb’14, faster, bigger max supply, more secure, forward thinking, constant progress, seemed better. Stopped with LTC. Never looked back 😎
- From MASTERBTCLTC:
@cryptorecruitr Litecoin being surpressed under $100 is the same pressure that will ignite the supply shock explosionIt will happen so quickly & LTC will never look backSame thing happened in 2017
- From g68_charlie:
@_theperfesser @Mashinsky @cryptocampfire @CustCarptry @AlonGoren oh ok i was scratching my head like how did i miss this lol
when i saw him speak at the litecoin summit i must have watched that 3 or four time to find a crack or something it sounded to good but i was just amazed at what i was hearing and im hearing the same thing on this live