Litecoin 4 Hour Price Update
Updated July 12, 2020 01:36 AM GMT (09:36 PM EST)
Litecoin entered the current 4 hour candle at $44.64, up 0.88% ($0.39) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd 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 44.71 US dollars, up 0.95% ($0.42) since the day prior. This move happened on lower volume, as yesterday’s volume was down 40.76% from the day before — and down 20.64% 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. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20, 50 and 100 day averages, located at 42.8, 44.07 and 44.03 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 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 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
#Litecoin hash rate over the past 24 hrs was 263.03 Thash/SThe hash rate has consistently been over 220 THash/S for over 2 months
- From brucefenton:
It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world – so forks & alts fit that.
Again – very different story if there was a fundraise – that changes things a lot – I’m talking Litecoin, Monero etc.
- From StevieSen:
@CardanoDan @_Cardano_ADA @IOHK_Charles 2/2 collected. These fee will also be paid in that native assets for example in the coin that partnered up such as litecoin. This partnership allows 1st gen crypto’s to act like 3rd gen ones. Cardano is now very valuable to all blockchains.