Litecoin 4 Hour Price Update
Updated May 07, 2020 05:34 AM GMT (01:34 AM EST)
Litecoin’s 3 four-hour candle negative streak has officially concluded, as the candle from the last 4 hour candle closed up 2.44% ($1.1). 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 last 4 hour candle.
Litecoin Daily Price Recap
Litecoin closed the day prior down 3.33% ($1.55); this denotes the 4th day in a row a decrease has occurred. The price move occurred on volume that was up 29.66% from the day prior, but down 59.44% 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 day prior. Let’s take a look at the daily price chart of Litecoin.
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 down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone down 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From TEN31Bank:
TEN31 NewstimeWe are proud to announce that Charlie Lee from @litecoin has joined the advisory board of TEN31 Bank.Thank you, Charlie, for the amazing and valuable support!@SatoshiLite TEN31 – Connecting the dots 🚀
- From DGB_LTC_J:
OK, I screwed up HUGELY by selling my DigiBytes. Time to move on and try again. Current portfolio :
80% LITECOIN (LTC)
15% DOGECOIN (DOGE)
5% Decentraland (MANA)I can conquer all through Him that gives me strength.
God with me.
- From satoshiworld1:
As long as #digibyte market cap is below #litecoin
Im calling #dgb under valued.
I know you all agree
In terms of news links for Litecoin here’s one to try:
Paper If you remember from “Understanding Wallets,” a private key is an alphanumeric string of characters that’s tied to your public key which is used to derive your Litecoin address. Seedkeys are also used in Hierarchical Deterministic wallets to derive your private keys, public keys, and Litecoin address. Therefore, private keys and seed keys will be the information you’ll need….This means you take a LTC address from a wallet you have as well as its corresponding private key or seedkey and input them into a QR code generator.