Litecoin 4 Hour Price Update
Updated September 18, 2020 01:35 AM GMT (09:35 PM EST)
Litecoin came into the current 4 hour candle up 0.2% ($0.1) from the open of the last 4 hour candle, marking the 2nd consecutive candle it has gone up. 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
48.88 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 2.37% ($1.13) from the day prior. This move happened on lower volume, as yesterday’s volume was down 13.12% from the day before — and down 22.47% 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
The first thing we should note is that the current price of Litecoin is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 14 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 MASTERBTCLTC:
Litecoin will succeed. Why? Because I won’t let it die. The developers, HODLers, unbanked, millennials, etc won’t let it die.What’s really going parabolic is the number of people willing to fight for Litecoin and all it stands for. Things like price have no choice but to follow
- From lite_hause:
The following Litecoin developments are running or have recently launched.
-LTC Lightning Network
-Litebringer game built on LTC blockchain
-Mustard Wallet (coinjoin)Also,
-Mimblewimble is almost done
-LN wallet soon
-CTV in planningLitecoin isn’t messing around.
- From DaddyCool1991:
3/ On any given 24 hr period, #Litecoin has approximately 40k trx’s.Avg. trx’s per second for the past 90 days was around .45.As of the announcement, 24 hr trx’s were up to +60k & avg. trx per second was as high as .70+ (raises of 33% & 36%)Cont…