Litecoin 4 Hour Price Update
Updated May 02, 2020 11:18 AM GMT (07:18 AM EST)
47.33 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the last 4 hour candle being one in which price moved up 0.72% ($0.34) from the last 4 hour candle. 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
The back and forth price flow continues for Litecoin, which started today off at 47.11 US dollars, up 1.6% ($0.74) from the previous day. This move happened on lower volume, as yesterday’s volume was down 67.06% from the day before — and down 29.38% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Here is a daily price chart of Litecoin.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 and 30 day timeframes. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From litecoin_bull:
The two problems with #Litecoin haters is 1) they decided to be a hater because they watched one yt video 2) that video was made by someone who followed some other #Ltc hater! Be careful what you see and hear anywhere do your own research! 👍💰
- From BoilingPointLLC:
damn I’m feeling major FOMO right now. I seriously want to trade a good chunk of my #Litecoin for #DigiByte right now. #DGB has far more upside IMO.
- From TheRealXinxi:
To be clear, I still have some Bitcoin and Litecoin. And I believe they will have a bright future long-term wise.But you never know how low it could go during the possibly incoming Great Depression. So I cashed out some to survive this winter.
For a longer news piece related to LTC that’s been generating discussion, check out:
But before you purchase Litecoin, or any cryptocurrency for that matter, it is important to understand what exactly it is that you are buying….This is why blockchains are often referred to as “Distributed Ledger Technology.” Now that you have a general understanding of how blockchains work, let’s talk about Litecoin!…Finally on October 7, 2011, Charlie released an open-source client on github called “Litecoin.” Currently, Litecoin has 4 distinct advantages over Bitcoin: Speed- Litecoin is confirmed faster than Bitcoin because it generates a block every 2.5 minutes as opposed to Bitcoin’s 10 minutes….Technology- Litecoin is capable of testing and implementing technology faster than Bitcoin….This technology is significant because it allows both Bitcoin and Litecoin to scale by allowing more transactions to be processed at once as well as second layer solutions such as the Lightning Network.