Litecoin (LTC) Down $0.27 in Last 4 Hours, Makes Big Move Relative to Past Month; Price Base in Formation Over Past 30 and 90 Days

Litecoin 4 Hour Price Update

Updated June 03, 2020 03:20 AM GMT (11:20 PM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 45.74 US dollars, down 0.59% ($0.27) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin entered today at $46.02, down 4.66% ($2.25) from yesterday. As for how volume fared, yesterday’s volume was up 87.45% from the previous day (Monday), and up 68.66% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From DaddyCool1991:

    It took the last 5.5 months of 2012 for $1,922,036 of #Litecoin to be sentYesterday it took 8 minutes. As in only 480 seconds.$346,928,424 #LTC was sent in the past 24 hrs; 10.71% of the total market cap of $3,239,013,677

  • From SatoshiLite:

    @DavidBurkett38 @ecassidy47 @Jekyll_uk @grinMW @litecoin But if you have LTC, it’s easier to move your coins to the extension block than it is to move your coins to Grin. From that perspective, the EB is just another chain but which supports cross chain pegs.

  • From DavidBurkett38:

    @ecassidy47 @Jekyll_uk @SatoshiLite @grinMW @litecoin On litecoin, it’s on an extension block. So you have to actually move your coins there. Not everyone will, and not all services will support it. So the privacy and scalability will be better on grin, where mw is the only way to transact.