Litecoin (LTC) Down $0.06 On 4 Hour Chart, Entered Today Down 1.54%; Price Base in Formation Over Past 90 Days

Litecoin 4 Hour Price Update

Updated July 08, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin closed the last 4 hour candle down 0.14% ($0.06); this denotes the 3rd candle in a row it has gone down. 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 43.39 US dollars, down 1.54% ($0.68) since the previous day. The price move occurred on volume that was down 26.38% from the day prior, but up 35.27% 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

Notably, Litecoin crossed below its 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. 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. For another vantage point, consider that Litecoin’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

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

  • From cryptorecruitr:

    I’m personally receiving a lot of resentful & rude comments from people who – after looking deeper – seem to be very bitter about Litecoin performanceThough Litecoin charts lost much of my interest in the last year, this is a bullish indicator for LTC

  • From IOHK_Charles:

    @SatoshiLite it would be great to do something together. I love the idea of testing cross chain communication between Litecoin and Cardano. We got a lot of ideas and I’m sure you guys do too

  • From GoldieIrish:

    @litecoin_bull @ROYALMRBADNEWS White hats are the good guys right? Pedo island mistress Max G was arrested this week in US. Giving names! Trump in FULL COMMAND here. No matter what U hear. He is cleaning entire world not just USA of corruption. Media lying like thieves that they are. Hope it’s GOOD NEWS U HAVE