Litecoin 4 Hour Price Update

Updated July 11, 2020 11:18 AM GMT (07:18 AM EST)

Litecoin is down 0.52% ($0.23) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Litecoin Daily Price Recap

Litecoin is down 0.18% ($0.08) since the previous day, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, the current price of Litecoin is sitting close to its 20, 50 and 100 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 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone down 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 CrazyCareer:

    @Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Let’s get rid of these squabbles and start to build the future; as long as we’re part of the ecosystem; after all, that’s why this is blockchain 3.0

  • From brucefenton:

    It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world – so forks & alts fit that.
    Again – very different story if there was a fundraise – that changes things a lot – I’m talking Litecoin, Monero etc.

  • From ReedMontgomery:

    This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it – running on a similar code as Litecoin without a cap so it’s very volatile/reliable & low exchange fees

(Excerpt) Read more Here | 2020-07-09 18:36:00
Image credit: source

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