Litecoin 4 Hour Price Update
Updated May 02, 2020 11:18 PM GMT (07:18 PM EST)
Litecoin came into the current 4 hour candle up 1.44% ($0.7) from the open of the last 4 hour candle, marking the 4th candle in a row an increase has occurred. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 47.11 US dollars, up 1.6% ($0.74) from the previous day. This move happened on lower volume, as yesterday’s volume was down 67.06% from the day before — and down 29.38% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. 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 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 and 30 day timeframes. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For another vantage point, consider that Litecoin’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From BoilingPointLLC:
damn I’m feeling major FOMO right now. I seriously want to trade a good chunk of my #Litecoin for #DigiByte right now. #DGB has far more upside IMO.
- From litecoin_bull:
The two problems with #Litecoin haters is 1) they decided to be a hater because they watched one yt video 2) that video was made by someone who followed some other #Ltc hater! Be careful what you see and hear anywhere do your own research! 👍💰
- From griffdaddyfresh:
You can find me at the end of the 🌈 I’ll be the one holding the 💰#Bitcoin #litecoin #digibyte
As for a news story related to Litecoin getting some buzz:
But before you purchase Litecoin, or any cryptocurrency for that matter, it is important to understand what exactly it is that you are buying….This is why blockchains are often referred to as “Distributed Ledger Technology.” Now that you have a general understanding of how blockchains work, let’s talk about Litecoin!…Finally on October 7, 2011, Charlie released an open-source client on github called “Litecoin.” Currently, Litecoin has 4 distinct advantages over Bitcoin: Speed- Litecoin is confirmed faster than Bitcoin because it generates a block every 2.5 minutes as opposed to Bitcoin’s 10 minutes….Technology- Litecoin is capable of testing and implementing technology faster than Bitcoin….This technology is significant because it allows both Bitcoin and Litecoin to scale by allowing more transactions to be processed at once as well as second layer solutions such as the Lightning Network.