Litecoin 4 Hour Price Update
Updated September 17, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin entered the current 4 hour candle at $48.23, up 0.19% ($0.09) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin is down 1.18% ($0.57) since the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 21.43% from the day before — and down 1.9% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.
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 l3l2ucelee:
The people that are holding and accumulating Litecoin are putting the work in to reap the benefits. P.S. If you don’t believe Litecoin is going anywhere, this post is not asking for your opinion and you’re probably already in my Fud Folder anyway. 😂
- From lite_hause:
Bitcoin and Litecoin are the standard in the crypto-sphere when it comes to reliability and having sound principles.These will always be the known as the the standard off which other coins should be judged against.
- From MASTERBTCLTC:
Once it begins, there’s probably only room for a handful of nation-states to buy significant amounts of #Litecoin 🚀. The rest will be lucky to have a whole coins.
As for a news story related to Litecoin getting some buzz:
However, LiteBringer is the first time a big game has established itself on the Litecoin blockchain. “LiteBringer embraces the revolutionary potential of the blockchain like few games before….“Our game needs a blockchain with low transaction costs which don’t spike,” Constantin added. According to Constantin, another advantage to using the Litecoin blockchain is the opportunity for players to truly own their assets.