Litecoin 4 Hour Price Update
Updated August 23, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 60.29 US dollars, up 1.31% ($0.78) from the previous 4 hours. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Litecoin Daily Price Recap
Litecoin entered today at $60.25, up 1.84% ($1.09) from the day prior. The change in price came along side change in volume that was down 20.55% from previous day, but up 26.39% from the Saturday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 18 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From ricnricn1:
@litecoin_bull @ROYALMRBADNEWS @dogscatshorses5 wondering what the parents of these kids are thinking to allow them to be in this sort of stuff. Wondering what kind of parents these ppl are. This is all done under a parent watching? SO that makes it OK ?
- From AngieFletcher:
@litecoin_bull @ROYALMRBADNEWS @dogscatshorses5 Netflix’s has so many movies that are inappropriate for young children. Seems like the longer they are in business the worse they get. They do not care for the minds of our children.
- From fortunekr75:
@Cointelegraph @SatoshiLite @BenjaminPirus This means big money badly wants a lot of litecoin and they’re wiling to pay to get it. Can’t accumulate in size on the spot exchanges (coinbase) b/c that would move the price too much. OTC also dried up. Retail investors have no idea how much leverage they have over big money.