Litecoin (LTC) Down $0.12 Over Past 4 Hours, Moves Up For the 2nd Day In A Row; Crosses 50 Day Moving Average

Litecoin 4 Hour Price Update

Updated May 14, 2020 07:18 PM GMT (03:18 PM EST)

The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 43.84 US dollars, down 0.27% ($0.12) since the last 4 hour candle. 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

Litecoin is up 2.37% ($1) since the day prior, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 41.25% from the day prior, and up 12.35% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Notably, Litecoin crossed above its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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 MASTERBTCLTC:

    Don’t chase bitcoin, litecoin isn’t dead. If it was going to die it would have been at the bear market bottom. The litecoin to bitcoin is at a cycle low. Great time with high reward & little risk compared to bitcoin. Swapping bitcoin for litecoin here is a good move

  • From legend_zog:

    @johnkim77 @I_Make_Lemonade @lisamightydavis @RedKatLife @jonnylitecoin @CryptoNana4LTC @OJohnred @LTCTheRightCoin @Crypto_keeper_J @MikeKoop @PaulieP2 @will_ashlin @AtlasLitecoin @miximports @ecurrencyhodler @alangaustin @DaddyCool1991 @_CLINTWESTWOOD_ @BoilingPointLLC So happy to be apart of such an amazing group of men and women who are extremely passionate about #Blockchain #Bitcoin and #Łitecoin and can’t wait to see where the next chapter takes us!! Be well all!! ❤️🙏🏻❤️

  • From cryptorecruitr:

    I think LTC is great and will pay off very well for anyone who is long. Much of the community and team supporting Litecoin are awesome & I think technically LTC will continue to innovate.TIP: NEVER be married to an investment.