Litecoin (LTC) Down $0.28 in Last 4 Hours, Entered Today Up 1.8%; in a Downtrend Over Past 14 Days

Litecoin 4 Hour Price Update

Updated May 15, 2020 07:18 PM GMT (03:18 PM EST)

Litecoin closed the last 4 hour candle down 0.65% ($0.28); this denotes the 2nd candle in a row it has gone down. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin is up 1.8% ($0.78) since yesterday, marking the 3rd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 83.37% from the day prior, and up 30.93% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to yesterday. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

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

  • From ChekaZ_:

    Let’s fire out some more $LTC! – A simple retweet will deliver the litecoins directly to your CoinKit wallets over the Litecoin-Blockchain! Take a look at the #litecoin explorer while it’s going, can you spot the CoinKit transactions?@coinkit_ mon 0.0005 555 #LTC #CoinKit

  • From MASTERBTCLTC:

    There is only 4 ltc for every btc so either Bitcoin is way overpriced or Litecoin is way underpriced thinking if btc should be about 8000 which would put Litecoin at 2000. What would you buy up if you was a ceo of the largest bank?

  • 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.