Litecoin (LTC) Down $0.36 in Last 4 Hours, Started Today Up 1.19%; is Inching Close to 50 Day Average

Litecoin 4 Hour Price Update

Updated May 17, 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 43.91 US dollars, down 0.81% ($0.36) since the last 4 hour candle. 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

The back and forth price flow continues for Litecoin, which started today off at 43.25 US dollars, up 1.19% ($0.51) from the day prior. The price move occurred on volume that was down 18.29% from the day prior, but up 31.5% 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 the day prior. 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 20 and 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 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From DoveyWan:

    Total registered users: 715,249 Total hierarchical levels: 501Total scammed crypto46,000 Bitcoin
    2.039 million ETH
    292,000 Litecoin
    56,000 Bcash
    684,000 EOSAccording to the price on the day police involved, total value is more than 7.769 billion yuan ($1B USD)

  • From DaddyCool1991:

    Announcements for #Litecoin are not geared towards gaining a higher price. They’re geared towards informing anyone interested on new information that is relevant to it’s existence. What anyone does with the info is up to the individual.

  • From VollerJames:

    @Eljaboom I am completely coin agnostic. This space is young. I believe that #dgb is awesome and the community can grow year on year.
    I also think #MimbleWimble is a game changer for #litecoin and with the great awareness normally achieved by the foundation I remain bullish

In terms of news links for Litecoin here’s one to try:

The Advantages of Hardware Wallets — The Litecoin School

There are several advantages to hardware wallets: Private keys are never exposed to your computer….This is what the Ledger Wallet app looks like: Screenshot of my Litecoin Wallet through the Ledger Nano S….Another option you have is to simply purchase another hardware wallet….Below are my recommended hardware wallet vendors from both Ledger Wallet and Trezor….If you’re in North America and are looking for a cheaper option than the Ledger Wallet, then this might be for you.