Litecoin 4 Hour Price Update
Updated September 02, 2020 07:18 PM GMT (03:18 PM EST)
Litecoin’s 6 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 0.48% ($0.28). Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
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 62.75 US dollars, up 2.9% ($1.77) since the day prior. As for how volume fared, yesterday’s volume was up 33.81% from the previous day (Monday), and up 4.66% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The first thing we should note is that the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From DaddyCool1991:
Total #LTC transaction fees for 8/31/2020, resulting from 42,350 trx’s worth $247,936,476.36 of total value was only $694.80In other words, 1/4 of a billion* dollars worth of #Litecoin moved in 1 day for a total cost of only $694.80* thanks @Pacifica2525 😉
- From rektcapital:
$LTC was lagging behind $BTC and $ETH in early August And then Litecoin broke outLitecoin is now lagging behind BTC and ETH once againAnd once again…LTC isn’t going to lag like this for long#Litecoin
- From _CryptoSurf:
Negativity on CT regarding $LTC is at ATH. Yes, #Litecoin is lagging behind many other #Alts.That is exactly why you would want to get in now, since the whole point is to buy undervalued assets and sell them when they are overvalued.Unfortunately, few understand this.
As for a news story related to Litecoin getting some buzz:
According to the Litecoin foundation, “Centercoin (CENT) and the Litecoin Foundation have announced the implementation of Litecoin (LTC) into the Centercoin payment ecosystem….You can find more information about each partner and their programs on the Litecoin Foundation web page. In addition to partnerships, Litecoin development is quite exciting too.