Litecoin 4 Hour Price Update
Updated May 17, 2020 03:18 AM GMT (11:18 PM EST)
Litecoin closed the previous 4 hours up 0.55% ($0.24); this denotes the 2nd candle in a row an upward move has occurred. 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 previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 43.25 US dollars, up 1.19% ($0.51) from the previous day. The price move occurred on volume that was down 18.29% from the day prior, but up 31.5% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20 and 50 day averages, located at 45.5 and 43.35 respectively, and thus may be at a key juncture along those timeframes. 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. For additional context, note that price has gone down 8 out of the past 14 days.
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 jebus911:
After today’s events I can no longer be identified with bitcoin. I’m now a litecoin maximalist.
- From VollerJames:
@Eljaboom I am completely coin agnostic. This space is young. I believe that #dgb is awesome and the community can grow year on year.
I also think #MimbleWimble is a game changer for #litecoin and with the great awareness normally achieved by the foundation I remain bullish
- From meshconomy:
@dangvanhiep14 @CaptainCrypto33 @Grin46612312 @JBTheCryptoKing I thought the same in 2014 when mt box crashed everything. I sold all my bitcoin and litecoin. Huge mistake. Grin isn’t super 💩.. More like super buy opportunity.
For a longer news piece related to LTC that’s been generating discussion, check out:
There are several advantages to hardware wallets: Private keys are never exposed to your computer….This is what the Ledger Wallet app looks like: Screenshot of my Litecoin Wallet through the Ledger Nano S….Another option you have is to simply purchase another hardware wallet….Below are my recommended hardware wallet vendors from both Ledger Wallet and Trezor….If you’re in North America and are looking for a cheaper option than the Ledger Wallet, then this might be for you.