Litecoin 4 Hour Price Update
Updated May 04, 2020 05:35 AM GMT (01:35 AM EST)
The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 46.58 US dollars, down 3.28% ($1.58) since the previous 4 hours. 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
48.12 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved down 2.27% ($1.12) from the day prior. As for how volume fared, yesterday’s volume was up 14.05% from the previous day (Saturday), and up 43.91% from Sunday of 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 day prior. Let’s take a look at the daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MontesSony:
@VollerJames I just sold all my non performing altcoins including eth,litecoin,link and bought more #DigiByte on the dip earlier.Its all about fundamentals.Where do you think all d hodlers/traders gonna invest when everything is down? The fastest way to earn is #DGB
- From VollerJames:
Anyone else thinking #litecoin looks like a good buy🤮🚀???Its been sideways for a while and much less hype at the moment than normal. That’s normally the best time to buy
- From MASTERBTCLTC:
#Litecoin is money where anyone can not only verify its scarcity now but verify its scarcity in the future.In a world of uncertainty, #Litecoin is certain.
For a longer news piece related to LTC that’s been generating discussion, check out:
Cold Wallet: These wallets are not connected to the internet….https://www.pexels.com/photo/internet-screen-security-protection-60504/ Here are my suggestions on how to secure your wallets through the various wallet clients mentioned in my previous post: A) Online Exchanges There is no way to turn these wallets into cold ones because only the exchange has control over your private keys….Even though these website wallets will often require passwords to create an account to access your LTC, there’s not much else you can do to add security….Encrypt your wallet client so that the only way to access to your LTC is with your password….Having the address and the private key will allow you to recover your LTC if you accidentally delete your wallet….Seed Keys- Some wallets, like Electrum LTC, allow you to restore your wallet through Seed Keys.