Litecoin 4 Hour Price Update
Updated May 06, 2020 05:34 AM GMT (01:34 AM EST)
The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 46.55 US dollars, down 0.09% ($0.04) since the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Litecoin Daily Price Recap
Litecoin came into today down 1.1% ($0.52) from the open of the previous day, marking the 3rd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 35.06% from the day before — and down 12.33% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Notably, the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. 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 Sean17475349:
@AltcoinDailyio Litecoin is built to work WITH Bitcoin. Fact. When FOMO kicks in and market cap soars and people want to be able to still move value fast and cheap, they use LTC. Atomic swaps makes them work together. I saw how slow BTC got during that time, plus Bitcoin is a long term hodl too
- From SatoshiLite:
@Taleb_79 Don’t believe the FUD. I’ve never left. Have been working exclusively on Litecoin as Managing Director of the Litecoin Foundation since mid 2017 when I left Coinbase.
- From _CLINTWESTWOOD_:
@John___Dollar DigiByte absolutely wins the speed game. Great projects and technology built on the DGB blockchain too. I love DigiByte and Litecoin for completely different reasons. They are both Game-Changers.
For a longer news piece related to LTC that’s been generating discussion, check out:
After sufficient testing, Litecoin Core 0.18.1 final will be released and is recommended for all users to upgrade….Litecoin Core is supported and extensively tested on operating systems using the Linux kernel, macOS 10.10+, and Windows 7 and newer….Build instructions for Linux can be found here….Builds instructions for Windows can be found here.