Litecoin 4 Hour Price Update
Updated May 05, 2020 07:18 AM GMT (03:18 AM EST)
The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 47.26 US dollars, up 0.83% ($0.39) from the previous 4 hours. 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 4 hours.
Litecoin Daily Price Recap
Litecoin is down 2.16% ($1.04) since the previous day, marking the 2nd day in a row it has gone down. As for how volume fared, yesterday’s volume was up 15.73% from the previous day (Sunday), and up 32.52% from Monday of 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 previous day. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MontesSony:
@VollerJames I just sold all my non performing altcoins including eth,litecoin,link and bought more #DigiByte on the dip earlier.Its all about fundamentals.Where do you think all d hodlers/traders gonna invest when everything is down? The fastest way to earn is #DGB
- From VollerJames:
Anyone else thinking #litecoin looks like a good buy🤮🚀???Its been sideways for a while and much less hype at the moment than normal. That’s normally the best time to buy
- From SydneyIfergan:
It is true that #Litecoin (LTC) investors are tempted to get their run for money due to the new enthusiasm in the #cryptospace for #Digibyte (DGB), but let us wait for the hype to subside and reality to take over…
For a longer news piece related to LTC that’s been generating discussion, check out:
Cold Wallet: These wallets are not connected to the internet….https://www.pexels.com/photo/internet-screen-security-protection-60504/ Here are my suggestions on how to secure your wallets through the various wallet clients mentioned in my previous post: A) Online Exchanges There is no way to turn these wallets into cold ones because only the exchange has control over your private keys….Even though these website wallets will often require passwords to create an account to access your LTC, there’s not much else you can do to add security….Encrypt your wallet client so that the only way to access to your LTC is with your password….Having the address and the private key will allow you to recover your LTC if you accidentally delete your wallet….Seed Keys- Some wallets, like Electrum LTC, allow you to restore your wallet through Seed Keys.