Litecoin (LTC) Up $0.03 in Last 4 Hours, Entered Today Up 3.71%; Eyes 20 Day Average

Litecoin 4 Hour Price Update

Updated May 19, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin is up 0.07% ($0.03) since the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. 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

Litecoin is up 3.71% ($1.62) since yesterday, marking the 3rd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 80.12% from the day prior, and up 154.78% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 and 50 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. For another vantage point, consider that Litecoin’s price has gone up 6 of the previous 10 trading 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 DaddyCool1991:

    Trading is for speculation.It is not a reliable indicator of performance.I am asking the #Litecoin community to continue concentrating on real world adoption & education.Over time, price will need to reflect performance. Period.#LTC has intentional users & that is awesome

  • From nickrdri:

    @johnkim77 Agree, and this time around Bitcoin won’t be implementing it a few months later, so all the excitement will be directed at Litecoin during the bull run. Good time to speculate on $GRIN as well, that will do very well once it goes live on the Litecoin network.

  • From MASTERBTCLTC:

    @TypicalIndian12 @scottmelker Litecoin even Andreas agrees
    ☑️ 4x faster blocks
    ☑️ digital silver
    ☑️ 84M
    ☑️ 8+ yrs
    ☑️ no premine
    ☑️ POW
    ☑️ King of Scrypt
    ☑️ No satoshi stash
    ☑️ On all ATMs
    ☑️ BTC twin
    ☑️ 4Y halvings
    ☑️ Oscillator
    ☑️ litecoinfam
    ☑️ Atomic swaps
    ☑️ ⚡️
    ☑️ MimbleWimble
    ☑️ 100% uptime

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

What is the difference between Bitcoin and Litecoin? | Luno

This difference in transaction time could make Litecoin more attractive to merchants, which is why Litecoin is often regarded as a currency for day-to-day transactions while Bitcoin is currently considered more of a store of value….Another significant fundamental way Litecoin differs from Bitcoin is its mining algorithm….Both Bitcoin and Litecoin are ‘created’ as rewards to miners for verifying and processing transactions during the mining process….A peer-to-peer payments currency Bitcoin Cash came from Bitcoin Bitcoin and Bitcoin Cash have different priorities Crypto for cross-border payments XRP was integrated into Ripple in 2012 XRP and Bitcoin offer different functionality A faster version of Bitcoin A fork of the Bitcoin Core client Litecoin aims to improve fees and transaction times.