Litecoin (LTC) Down $0.06 in Last 4 Hours, Makes Big Move Relative to Past Two Months; Pin Bar Pattern Appearing on Chart

Litecoin 4 Hour Price Update

Updated June 10, 2020 11:20 AM GMT (07:20 AM EST)

Litecoin entered the current 4 hour candle at $45.89, down 0.13% ($0.06) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin closed yesterday down 1.18% ($0.55); this denotes the 5th day in a row a decrease has occurred. The change in price came along side change in volume that was up 33.47% from previous day, but down 57.1% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the 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 45.3, 45.08 and 44.12 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 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From dgb_chilling:

    @Eljaboom Found #Bitcoin, started mining. Found #Litecoin, was faster / bigger max supply / seemed better. Stopped with BTC. Found #DigiByte Feb’14, faster, bigger max supply, more secure, forward thinking, constant progress, seemed better. Stopped with LTC. Never looked back 😎


    @cryptorecruitr Litecoin being surpressed under $100 is the same pressure that will ignite the supply shock explosionIt will happen so quickly & LTC will never look backSame thing happened in 2017

  • From g68_charlie:

    @_theperfesser @Mashinsky @cryptocampfire @CustCarptry @AlonGoren oh ok i was scratching my head like how did i miss this lol
    when i saw him speak at the litecoin summit i must have watched that 3 or four time to find a crack or something it sounded to good but i was just amazed at what i was hearing and im hearing the same thing on this live