Litecoin (LTC) Up $0.09 in Last 4 Hours, Breaks Above 50 and 100 Day Averages; Price Base in Formation Over Past 90 Days

Litecoin 4 Hour Price Update

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

Litecoin is up 0.2% ($0.09) since the last 4 hour candle, marking the 2nd candle in a row an upward move has occurred. 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

45.34 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 4.49% ($1.95) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 104.83% from the day prior, and up 155.93% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above 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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard on Twitter

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

  • From BitBallin:

    Doge – faster than litecoin
    – stores value better than litecoin (up 18x in 5 years vs. litecoin 8x)
    – has cooler name than litecoin
    – you can get more shares per dollar than litecoin.
    – self aware it’s a shitcoin

  • From LynusMascot:

    @RookieXBT @elonmusk @dogecoin @Tesla @PayPal @SpaceX $DOGE created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Mr Musk mentioned it as his favorite coin although but he is not CEO.
    maybe @elonmusk looking for investment into this! 🚀

  • From jonnylitecoin:

    @MASTERBTCLTC @CryptoBucksApp And guess what?? No fees for anyone for the 1st 90 days and free crypto processing for good if they process credit card payments!! Merchants are gonna love getting #Bitcoin and #Litecoin payments with these options!!

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

Cardano and Litecoin founders to discuss cross-chain collaboration | CryptoSlate

The project has seen significant developments in the past few months, such as its work on Shelley and the native Daedalus wallet (among others.) Over 200 stake pools are already active on the Shelley testnet, as CryptoSlate reported last month….Litecoin’s work on MimbleWimble is active and progressing, as CryptoSlate reported this week….CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.