Litecoin 4 Hour Price Update
Updated July 04, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin closed the last 4 hour candle down 0.36% ($0.15); this denotes the 2nd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 41.18 US dollars, up 0.32% ($0.13) from yesterday. This move happened on lower volume, as yesterday’s volume was down 38.77% from the day before — and down 48.97% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 20 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. 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. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
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 BitrueOfficial:
We will upgrade our $LTC Litecoin wallet on July 9th, which will take about 24 hours to complete. When it’s done,‼️Your LTC wallet address will be different‼️Please ensure you update any saved/whitelisted addresses. We will not be able to recover funds sent to old addresses.
- From BoilingPointLLC:
How pissed would you be if MW launches and #Litecoin does like a 2x? Meanwhile #ADA, (does it even work?) launches something called Shelly and it basically does a 7x
- From sharron_royalty:
@litecoin_bull @ccunningham821 @SikeNawGaming @ROYALMRBADNEWS No it won’t be for everyone but I think it needs to be exposed and transparent. Everyone can choose to see it or not. I think they deserve to make that choice. I know everything can’t come out but what can must.
