Litecoin 4 Hour Price Update
Updated September 25, 2020 07:19 AM GMT (03:19 AM EST)
The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 44.62 US dollars, up 0.34% ($0.15) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd 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 44.95 US dollars, up 4.68% ($2.01) from the day prior. This move happened on lower volume, as yesterday’s volume was down 0.73% from the day before — and down 16.76% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the day prior. 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 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 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:
- From DaddyCool1991:
From a daily median trx value of $75 down to $0.75…The versatility of the #Litecoin blockchain is tested & proven in it’s ability to handle any transactions of any size.Micro or macro, it makes no difference. Every trx involves #LTC & that’s all that matters.
- From GeorgeBLE17:
Before covid, I used to travel a lot using Litecoin to pay for hotels and flight tickets. Now, I really enjoy utilizing it by playing the @litebringergame. It’s super fun, but your girl is gonna hate you for spending too much time on it #Bitcoin #Litecoin
- From JasonMack99:
Last week or so, I set up my coworker on @coinbase , where he bought #LTC. Today, I showed him how to transfer those #litecoin to @CelsiusNetwork App, where he now gains interest on his purchase. Financial sovereignty incoming🎉”Do good, then do well” @Mashinsky