Litecoin (LTC) Up $0.31 On 4 Hour Chart, Started Today Up 3.63%; Crosses 50 Day Moving Average

Litecoin 4 Hour Price Update

Updated May 23, 2020 03:18 AM GMT (11:18 PM EST)

Litecoin is up 0.7% ($0.31) since the previous 4 hours, marking the 6th 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 previous 4 hours.

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 44.22 US dollars, up 3.63% ($1.55) since 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. 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

First things first: Litecoin crossed above its 50 day moving average yesterday. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 7 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • 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 meshconomy:

    @MASTERBTCLTC @SatoshiLite @TheRealXinxi @ecurrencyhodler @loshan1212 @Franklyn408 @Litewallet_App Thats cool! is Flexa something like Bitpay? I just went to the website, it says their “engineering team practices a culture of contributing code back to the projects that we rely on”That sounds a lot like Tari. Hopefully @FlexaHQ becomes more active in litecoin development.

  • 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.

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

Mimblewimble Progress Update Thread – Development – Litecointalk Forum

Thanks for the update David….Thanks for the update….Thanks for the updates, David!…Thanks for the update Thanks for the update, David!…great going Thanks for the update!