Litecoin 4 Hour Price Update
Updated September 12, 2020 03:18 AM GMT (11:18 PM EST)
The end of a 5 four-hour candle positive run has come for Litecoin, which finished the last 4 hour candle down 0.43% ($0.21). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin came into today up 0.57% ($0.28) from the open of the previous day, marking the 3rd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 9.89% from the day before — and down 52.63% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 6 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 brucefenton:
So the default of many tokens is that they are trying to be money… and they are really weak money with no comparison to Bitcoin or Monero or Litecoin etcOr they try to avoid securities laws by claiming “utility”…in other words a gift certificate to a store no one shops at
- From MASTERBTCLTC:
@marsinel00 Yes I think it’s realistic If bitcoin can go to 288k The LTCBTC pair would only be .0104 If you look at cycle highs for litecoin .02-025 is possible Which would be $5760-$7200 price per litecoin Many won’t believe until it happens
- From pilotgal1:
@ROYALMRBADNEWS @litecoin_bull Thank you mr judges for confirming my suspicion. I really like your intel and it is much appreciated you take the time to share with the broader community. Have yourselves a wonderful evening. God Speed.
In terms of news links for Litecoin here’s one to try:
In an interview with Crypto Eri, Flare Networks emphasized that Flare’s purpose will be to add value, utility, and new use cases for XRP users….Flare Networks, Philion said, is developing use cases for XRP with a “different” offering….Currently, Flare Networks has a scheduled an airdrop of their Spark token for XRP holders….Philion noted that the Flare community through the Spark token will have a say in whether the network expands to these and other blockchains.