Litecoin (LTC) Down $0.21 On 4 Hour Chart, Entered Today Down 4.44%; Breaks Below 100 Day Average

Litecoin 4 Hour Price Update

Updated June 01, 2020 07:19 AM GMT (03:19 AM EST)

The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 46.05 US dollars, down 0.45% ($0.21) since the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the last 4 hour candle.

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 45.6 US dollars, down 4.44% ($2.12) since the previous day. This move happened on lower volume, as yesterday’s volume was down 4.88% from the day before — and down 38.9% 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. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 100 day moving average yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Litecoin’s price has gone up 15 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From DaddyCool1991:

    #Litecoin’s hash rate over the past 24 hrs is at 259.3982 Terahash/SThis is an increase of 12.89% in 1 day & the highest hash rate since 10/15/2019

  • From DaddyCool1991:

    @ToneVays Over 32k wallets USED #Litecoin yesterday alone, with over 3.74% of it’s entire market cap being used. Median trx value was $53.61. Median trx fee $0.00081.And #LTC’s tech is better. It’s the same as BTC’s, just cheaper. Even if you take ratio of cost per coin vs. cost per trx.

  • From TheCryptoGuy10:

    As much as I can be bearish with $BTC, #bitcoin  cant go bankrupt. Stocks can. Dosesn’t matter how big. Hell even a goverment can go bankrupt.. Hence Hyperinflation. And. I rather use Bitcoin or Litecoin or any other sovreing crypto then to use silver or gold as money.