Litecoin 4 Hour Price Update
Updated August 29, 2020 11:18 PM GMT (07:18 PM EST)
Litecoin came into the current 4 hour candle down 0.59% ($0.34) from the open of the previous 4 hours, marking the 2nd candle in a row a decline has happened. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.
Litecoin Daily Price Recap
Litecoin’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 2.35% ($1.32). This move happened on lower volume, as yesterday’s volume was down 30.03% from the day before — and down 73.44% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.
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 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. 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
Over on Twitter, here were the top tweets about Litecoin:
- From ashtoshii:
It’s funny how the “litecoin fam” get behind a dad clearly encouraging his daughter to play into the industry she’s attempting to get into. You wanna make sure your daughter has a fair chance and makes a difference? Have her spread actual knowledge. Not ask dumb ass fkn Qs for..
- From GreyEyedJewel:
@litecoin_bull My friends are blown away!!! They have been going over some of the research I gave them and a realizing how they have been lied to!!! Their friends are asking for help now too!!! Looks like I will have a group of at least 11 here tomorrow!!! Wish me luck!!! 😉
- From BlennBillions:
DigiByte is its own blockchain, with its own genesis block.Compared to Litecoin and Bitcoin, DigiByte is blazing fast, more secure and has lower transaction fees. It’s also a more advanced and developed technology.The future is Bright for #Digibyte
Read More: Litecoin (LTC) Down $0.34 in Last 4 Hours; 3 Day Down Streak Snapped