Litecoin 4 Hour Price Update
Updated May 30, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin closed the previous 4 hours down 0.02% ($0.01); this denotes the 2nd candle in a row it has gone down. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 44.47 US dollars, down 0.6% ($0.27) from yesterday. This move happened on lower volume, as yesterday’s volume was down 2.9% from the day before — and down 70.97% 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
The first thing we should note is that 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. 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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
In the past 24 hours, $131,894,217 of #Litecoin was sent.This constitutes 4.54% of #LTC’s existing market cap moving within 24 hours.Median value of trx’s within these 24 hours was $44.74
- From anndylian:
@matweeday @crypto_lite I know what LTC can do. I do hold some too. Their roadmap and future plans, I am also aware. Other things, you have to get Charlie @SatoshiLite to clarify. I can say only one thing. If #litecoin #LTC is considered a scam #altcoin, then what about the these?
- From DGB_LTC_J:
I remember a while ago that Digibyte was the unloved child and then suddenly out of the blue… BAM! Moon Gains.At the moment that unloved child is… Litecoin.Not financial advice. Make your own decisions and take responsibility for them. 👍
