Litecoin (LTC) Up $0.55 Over Past 4 Hours; 4 Day Down Streak Broken

Litecoin 4 Hour Price Update

Updated May 08, 2020 07:17 PM GMT (03:17 PM EST)

Litecoin came into the current 4 hour candle up 1.17% ($0.55) from the open of the previous 4 hours, marking the 3rd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin Daily Price Recap

Litecoin’s 4 day negative streak has officially concluded, as the candle from yesterday closed up 5.4% ($2.43). The change in price came along side change in volume that was up 57.35% from previous day, but down 41.06% from the Thursday 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 yesterday. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For additional context, note that price has gone up 7 out of the past 14 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 TEN31Bank:

    TEN31 NewstimeWe are proud to announce that Charlie Lee from @litecoin has joined the advisory board of TEN31 Bank.Thank you, Charlie, for the amazing and valuable support!@SatoshiLite TEN31 – Connecting the dots 🚀

  • From DGB_LTC_J:

    OK, I screwed up HUGELY by selling my DigiBytes. Time to move on and try again. Current portfolio :
    80% LITECOIN (LTC)
    5% Decentraland (MANA)I can conquer all through Him that gives me strength.
    God with me.

  • From satoshiworld1:

    As long as #digibyte market cap is below #litecoin
    Im calling #dgb under valued.
    I know you all agree

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

How to Create and Spend a Litecoin Paper Wallet — The Litecoin School

Paper If you remember from “Understanding Wallets,” a private key is an alphanumeric string of characters that’s tied to your public key which is used to derive your Litecoin address.  Seedkeys are also used in Hierarchical Deterministic wallets to derive your private keys, public keys, and Litecoin address.  Therefore, private keys and seed keys will be the information you’ll need….This means you take a LTC address from a wallet you have as well as its corresponding private key or seedkey and input them into a QR code generator.