Litecoin (LTC) Down $1.27 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 90 Days

Litecoin 4 Hour Price Update

Updated May 31, 2020 11:19 PM GMT (07:19 PM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 45.4 US dollars, down 2.72% ($1.27) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin Daily Price Recap

47.72 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved up 7.31% ($3.25) from yesterday. The price move occurred on volume that was up 47.81% from the day prior, but down 30.46% 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. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 100 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. 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 16 them.

Overheard on Twitter

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

  • From DaddyCool1991:

    On average over the past 24 hrs, $6,866,811 in #Litecoin trx’s were sent per hr. Not traded.A 24 hr total of $164,803,475This is 5.40% of it’s entire market cap of $3,049,979,365#LTC has it’s entire market cap SENT every 3 weeks on average.99% of all LTC sent trx’s are $$

  • From jonnylitecoin:

    @crypto_king_win @ToneVays I am a payments processor that has an interest in new payment networks, integrations and systems. Tone has No clue about the Real World because he came from Wall Street, which is a far cry from mainstream society. Litecoin works better for small payments and transfer of value.

  • 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