Litecoin (LTC) Up $1.6 On 4 Hour Chart, Started Today Down 5.19%; But Still in an Uptrend Over Past 30 Days

Litecoin 4 Hour Price Update

Updated August 20, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin’s 3 four-hour candle negative streak has officially concluded, as the candle from the last 4 hour candle closed up 2.68% ($1.6). 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 came into today down 5.19% ($3.4) from the open of the day prior, marking the 2nd straight day a decrease has occurred. The change in price came along side change in volume that was down 18.55% from previous day, but up 160.85% from the Wednesday of last week. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 day averages, located at 59.16 respectively, and thus may be at a key juncture along those timeframes. 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. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 8 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 BoilingPointLLC:

    #Litecoin is the real BCash . I don’t care what anyone says. The numbers have proven themselves for nearly a decade. While the litecoin network continues to grow, #BCH is on the decline. It’s just a matter of time before the #flappening happens again. This time for good.

  • From lite_hause:

    The fundamentals of Bitcoin and Litecoin are stronger than ever. In fact, they’re much stronger today than they were at all time high prices 3 years ago.There’s no doubt in my mind that we will go above and beyond those previous levels.

  • From RiseCardano:

    @SoIsHe @TheCryptoLark @SoIsHe I think when the dApp community sees what Plutus and Marlowe are capable of then we can see what the ‘competition’ is like. Lets also not forget the possibility of the Litcoin Improvement proposal and cross chain assets! Who knows Cardano may power dApps on litecoin? 🙂