Litecoin 4 Hour Price Update
Updated September 07, 2020 03:19 PM GMT (11:19 AM EST)
Litecoin is up 2.62% ($1.21) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 4 four-hour candle negative run. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Litecoin Daily Price Recap
Litecoin entered today at $47.93, up 0.33% ($0.16) from the previous day. This move happened on lower volume, as yesterday’s volume was down 47.51% from the day before — and down 51.4% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Notably, Litecoin is now close to its 100 and 200 day averages, located at 49.97 and 48.19 respectively, and thus may be at a key juncture along those timeframes. 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. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From lite_hause:
Even if @SatoshiLite sold his LTC, what does that even matter in regards to Litecoin’s functionality? LTC is still here working perfectly, pumping block after block. It remains one of the most traded coins and is even more decentralized now. A truly sound currency has no “CEO”.
- From STeymoorian:
Dear #Litecoin,I will never leave you. You will never be sold to another for dirty fiat. You are worth so much more than that!You and I will be together forever. Well,….maybe one day I will temporarily let you go to a new home. The place is called Ferrari of…Love,
- From lite_hause:
I miss buying Litecoin’s at $22. I’m thankful for that down period because I was able to drastically bring my average buy-in price down. Now we’re here buying the dip at 47. Fear & uncertainty bring the best opportunities.
As for a news story related to Litecoin getting some buzz:
As reported by CryptoSlate earlier this week, data from on-chain analytics firm Arcane Research showed Litecoin briefly traded at a 1,200% premium on Grayscale’s newly launched Litecoin trust….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….None of the information you read on CryptoSlate should be taken as investment advice….© 2020 CryptoSlate.