Litecoin 4 Hour Price Update
Updated May 25, 2020 03:18 AM GMT (11:18 PM EST)
The end of a 4 four-hour candle negative run has come for Litecoin, which finished the last 4 hour candle up 1.12% ($0.47). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin is down 3.92% ($1.72) since the day prior, marking the 2nd day in a row a decline has happened. The change in price came along side change in volume that was up 8.77% from previous day, but down 28.87% from the Sunday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the 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 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
#Litecoin’s hashrate on 5/23/2017 was 6.8142 T
#LTC’s hashrate today, 5/23/2020 is 201.6057 TThe current hashrate is only about 64 T above the bottom over the past 2 years (around 137 Te), yet is still over 29.5x higher than 3 years ago.
- From litecoin_bull:
The #Litecoin community is plagued with bullying!. When Some asshole who has been in #crypto one week and instantly an expert! Yes that old chestnut! Just remember when you hurl that onslaught of abuse there is another human on the receiving end! #Crypto is about COMMUNITY.
- From johnkim77:
Those that can hold #bitcoin and #litecoin through the gut wrenching 90% drops, withstand the FUD, resist the bait to trade for newer coins are the ones that will eventually get the lambos & become millionaires. – 🐔