Litecoin 4 Hour Price Update
Updated August 11, 2020 03:19 AM GMT (11:19 PM EST)
Litecoin came into the current 4 hour candle up 0.65% ($0.38) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
58.32 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 2.37% ($1.35) from yesterday. The price move occurred on volume that was up 55.64% from the day prior, but down 28.48% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 15 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From MASTERBTCLTC:
Litecoin is money that you can literally send like a text or email to anyone in the world, in seconds with no middle man. #ltc🚀 #litecoin🚀
- From mikeinspace:
@Hopiumhater @BryceWeiner Yes, BTC is scarce and Litecoin and Monero and toilet paper in a pandemic. Anything wiry any amount if demand exceeding supply is “scarce”. However, that is not the argument being made. The 21 million coin cap is often cited to prove scarcity.
- From ultimateviet:
If we break $65 or LTC/BTC surpasses .00542 in the next 24 hrs then im giving away one LTC