Litecoin (LTC) Up $0.78 in Last 4 Hours, Entered Today Down 1.35%; Pin Bar Pattern Appearing on Chart

Litecoin 4 Hour Price Update

Updated May 12, 2020 11:18 AM GMT (07:18 AM EST)

Litecoin came into the current 4 hour candle up 1.86% ($0.78) from the open of the last 4 hour candle, marking the 3rd candle in a row it has gone up. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin is down 1.35% ($0.57) since the previous day, marking the 3rd day in a row a decrease has occurred. The price move occurred on volume that was down 40.8% from the day prior, but up 8.89% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 17 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From MASTERBTCLTC:

    Litecoin promises an alternative for citizens across the world to keep their savings in a form of money that can neither be confiscated nor diluted. If Litecoin grows much larger, it may force governments to become a voluntary organization. Through hodling we may finally be free.

  • From MASTERBTCLTC:

    The current litecoin to bitcoin ratio is 211:1Litecoin is an oscillator to bitcoin & next peak cycle we expect the ratio to peak around 40:1At today’s bitcoin price we expect litecoin’s price to be: $89 at 100:1
    $133 at 75:1
    $178 at 50:1
    $223 at 40:1$557 at 16:1 max

  • From l3l2ucelee:

    When Litecoin makes that comeback, don’t come to my side of twitter if you been a hater. The fud folder is still alive and well.

As for a news story related to Litecoin getting some buzz:

Full List of Litecoin (LTC) Partnerships, Integrations and Collaborations (2020)

Through its connections, the Litecoin Foundation successfully convinced the NFL team to adopt cryptocurrency and especially LTC….(source) NordVPN is one of the most popular VPN service providers in the world and it has integrated Bitcoin, Litecoin, and other top altcoins into its medium of payments….(source) Litecoin also decided to partner with MeconCash to help Litecoin’s adoption in South Korea….(source) The Litecoin Foundation tried to introduce Litecoin to various different industries….With this partnership, Ellipal hardware wallets have successfully adopted Litecoin into one of its supported cryptocurrencies….Litecoin was not the first cryptocurrency adopted by Aliant.