Litecoin (LTC) Up $0.29 in Last 4 Hours, Makes Big Move Relative to Past Month; Moves Down For the 2nd Day In A Row

Litecoin 4 Hour Price Update

Updated May 11, 2020 03:18 AM GMT (11:18 PM EST)

Litecoin is up 0.69% ($0.29) since the last 4 hour candle, marking the 2nd candle in a row an upward move has occurred. 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 down 10.28% ($4.83) since yesterday, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 58.2% from the previous day (Saturday), and up 112.85% from Sunday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone down 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:

    @davidroyy @SatoshiLite I’ll tell you what. If you saw anything to do with the past two years and the things, all things, that have happened with the Foundation and Litecoin. There’s your answer.Seriously. All of it. Him. All him. That’s where it went.Now tell me what the fuck you did for #LTC

  • From flappening:

    Order got filled at $43.50. Hello new #litecoin babies. Welcome to your new home aka my @Ledger wallet. Would have been nice to catch the falling knife, but meh… purchase price won’t matter when we hit next #ATH.

  • From SSatoshiho:

    @lopp Bitcoin has 2.1 billion “1M satoshi bundles” and you can buy that for 86 USD. Think of 1M sats as a unit. Buy 1M sats instead of litecoin. And 400 milion 1M sats bundles are considered lost forever. 1M sats should be a unit. If we call it Nakamoto or so. I have plenty nakamotos!

For a longer news piece related to LTC that’s been generating discussion, check out:

The Historical Importance of SegWit on Litecoin — The Litecoin School

Since there was so much in-fighting between implementing a SegWit softfork and simply just increasing blocksizes in lieu of SegWit, the Bitcoin community was stuck….This then created another wave of debate as the discussion shifted towards how to exactly determine “consensus.” Then bitcoin clients were released that allowed non-mining nodes to “signal” in support of SegWit or a Blocksize increase….Oh, and Litecoin implementing Segwit also proved that the “anyone can spend” FUD was…well just FUD….In fact, the funds were left there for about 4 months…or just a few weeks after Bitcoin activated SegWit.   Though many Bitcoin maximalists may not admit this, Litecoin was an important part in helping implement SegWit onto Bitcoin: Litecoin proved it was safe to do so on main net.