Litecoin (LTC) Down $0.49 On 4 Hour Chart, Started Today Up 0.45%; Pin Bar Pattern Appearing on Chart

Litecoin 4 Hour Price Update

Updated April 27, 2020 07:18 AM GMT (03:18 AM EST)

The end of a 3 four-hour candle positive run has come for Litecoin, which finished the last 4 hour candle down 1.09% ($0.49). Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin Daily Price Recap

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 44.61 US dollars, up 0.45% ($0.2) since the previous day. This move happened on lower volume, as yesterday’s volume was down 19.32% from the day before — and down 11.4% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 17 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

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 DaddyCool1991:

    #Litecoin has earned and kept earning it’s value through legitimate use.No free airdrop from a forked giving it’s artificial price.Not thousands of bots trades per hour keeping it afloat.Just plain old, boring, real life utility.😎🔥💪

  • From cryptorecruitr:

    Thanks for 16k on Twitter! Who wants 1 Litecoin? Post your address belowI appreciate you hanging out with me on this crypto journey!

  • From johnkim77:

    @litecoindad @RobertW07123216 @SatoshiLite @LTCFoundation Yo dad, go ahead & sell litecoin. That’s not our objective. Our goal is not to build up more speculators & gamblers. We are here to introduce sound digital currency that can be used as a means of exchange. You can’t jump back on Twitter after a year and act like your the man.