Litecoin (LTC) Up $0.09 in Last 4 Hours, 2 Day Down Streak Broken; Breaks Above 50 Day Average

Litecoin 4 Hour Price Update

Updated May 23, 2020 11:18 PM GMT (07:18 PM EST)

44.16 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the previous 4 hours being one in which price moved up 0.2% ($0.09) from the previous 4 hours. 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 previous 4 hours.

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 44.22 US dollars, up 3.63% ($1.55) from yesterday. This move happened on lower volume, as yesterday’s volume was down 5.63% from the day before — and down 12.79% 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. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 50 day moving average yesterday. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Litecoin is a tool to transfer wealth from those arrogant enough to bet against supply and demand economics to those who are humble enough to believe the simplest rule in finance.

  • From flappening:

    #litecoin has done a good job on holding while #bitcoin falls a little. Maybe this is the beginning of the climb back to a more normal comparison rate.

  • From Fresh_Fontana:

    @DR6am @go_m3z Don’t bring back those memories about litecoin @DR6am haha. Nov-Dec 2017. My first trade ever! Bought $LTC near the top in the $300’s and panic sold near $150. Nearly blew up a $10k account on my first trade. 👀 I look at that trade as my tuition for my trading education LMAO 😂