Litecoin (LTC) Up $0.67 Over Past 4 Hours, Entered Today Up 1.19%; Nears 50 Day Moving Average

Litecoin 4 Hour Price Update

Updated May 17, 2020 07:18 AM GMT (03:18 AM EST)

Litecoin came into the current 4 hour candle up 1.54% ($0.67) from the open of the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. On a relative basis, the last 4 hour candle were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 43.25 US dollars, up 1.19% ($0.51) from the previous day. The change in price came along side change in volume that was down 18.29% from previous day, but up 31.5% from the Saturday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin is now close to its 20 and 50 day averages, located at 45.5 and 43.35 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 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From jebus911:

    After today’s events I can no longer be identified with bitcoin. I’m now a litecoin maximalist.

  • From VollerJames:

    @Eljaboom I am completely coin agnostic. This space is young. I believe that #dgb is awesome and the community can grow year on year.
    I also think #MimbleWimble is a game changer for #litecoin and with the great awareness normally achieved by the foundation I remain bullish

  • From meshconomy:

    @dangvanhiep14 @CaptainCrypto33 @Grin46612312 @JBTheCryptoKing I thought the same in 2014 when mt box crashed everything. I sold all my bitcoin and litecoin. Huge mistake. Grin isn’t super 💩.. More like super buy opportunity.

As for a news story related to Litecoin getting some buzz:

The Advantages of Hardware Wallets — The Litecoin School

There are several advantages to hardware wallets: Private keys are never exposed to your computer….This is what the Ledger Wallet app looks like: Screenshot of my Litecoin Wallet through the Ledger Nano S….Another option you have is to simply purchase another hardware wallet….Below are my recommended hardware wallet vendors from both Ledger Wallet and Trezor….If you’re in North America and are looking for a cheaper option than the Ledger Wallet, then this might be for you.