Litecoin (LTC) Down $0.02 Over Past 4 Hours, Started Today Up 1.9%; Price Base in Formation Over Past 14 Days

Litecoin 4 Hour Price Update

Updated May 26, 2020 03:18 AM GMT (11:18 PM EST)

Litecoin closed the last 4 hour candle down 0.05% ($0.02); this denotes the 2nd candle in a row a decline has happened. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

42.94 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 1.9% ($0.8) from yesterday. The change in price came along side change in volume that was up 2.28% from previous day, but down 59.61% from the Monday of last week. 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 yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 and 50 day averages, located at 44.06 and 44.14 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 16 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From DaddyCool1991:

    In the last 24 hours, out of 25,666 #Litecoin sent trx’s, 22,109 of those trx’s cost $0.02 or less (87% of all trx’s).1,432 cost $0.04
    1,106 cost $0.06
    328 cost $0.08
    781 cost $0.10+Median value of a #LTC sent trx was $59.11
    Medican cost of a LTC sent trx was $0.0011

  • From MASTERBTCLTC:

    Litecoin is unstoppable
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 8+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ all ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ litecoinfam
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MimbleWimble
    ☑️ 100% uptime
    ☑️ Gemini Pay

  • From 22loops:

    You guys wanna hear a story about a shadowgroup of + 40 yr old miners hidden in a waterdam calling themselves “The Litecoin Mafia”?