Litecoin (LTC) Down $0.06 On 4 Hour Chart, Entered Today Down 1.35%; in an Uptrend Over Past 30 Days

Litecoin 4 Hour Price Update

Updated May 12, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin is down 0.14% ($0.06) since the last 4 hour candle, marking the 3rd candle in a row a decrease has occurred. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin closed the previous day down 1.35% ($0.57); this denotes the 3rd day in a row a decrease has occurred. The change in price came along side change in volume that was down 40.8% from previous day, but up 8.89% from the Monday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that the current price of Litecoin is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 17 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Litecoin promises an alternative for citizens across the world to keep their savings in a form of money that can neither be confiscated nor diluted. If Litecoin grows much larger, it may force governments to become a voluntary organization. Through hodling we may finally be free.

  • From MASTERBTCLTC:

    The current litecoin to bitcoin ratio is 211:1Litecoin is an oscillator to bitcoin & next peak cycle we expect the ratio to peak around 40:1At today’s bitcoin price we expect litecoin’s price to be: $89 at 100:1
    $133 at 75:1
    $178 at 50:1
    $223 at 40:1$557 at 16:1 max

  • From jebus911:

    If I have my money in litecoin during the halving are my bitcoins in litecoin protected from getting halved?