Litecoin (LTC) Down $0.08 in Last 4 Hours, Tops All Top Cryptos to Start the Day; Crosses 100 Day Moving Average

Litecoin 4 Hour Price Update

Updated June 13, 2020 11:20 AM GMT (07:20 AM EST)

44.56 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the last 4 hour candle being one in which price moved down 0.18% ($0.08) from the last 4 hour candle. 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

44.71 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 3.5% ($1.51) from the day prior. The price move occurred on volume that was down 35.64% from the day prior, but up 18.03% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From grapplecidr:

    #Cardano about to pass Litecoin market cap any day now.Then it will lap the other forks BCH and SV.When Shelley is launched it will have 100’s of stake pools creating blocks day 1. Then comes UTXO multi asset and Smart Contracts for desert.FOMO isn’t even the right word.

  • From DaddyCool1991:

    $212,917,673 worth of #Litecoin was sent over the past 24 hrs, constituting 7.37% of it’s total market cap.#LTC’s hash rate has also been consistently over 200 Thash/S since 5/22/2020Median trx value over the last 24 hrs was $61.18

  • From Litewallet_App:

    Making progress on the other side of the Litecoin Foundation! Testing Android Bech32 transfers RIGHT NOW! Send to receive ltc1 addresses! Stay tuned!

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

Latest LTC Core Upgrade Quells Fears of No Development at Litecoin – YellowBlock

  In brief: Earlier today, the Founder of Litecoin, Charlie Lee, informed the LTC community that developers at the project had released the final version of Litecoin Core Version 0.18.1. Charlie Lee went on to point out that the release puts to rest the question as to whether there was any development going on at the Litecoin project…. — Charlie Lee [LTC] (@SatoshiLite) June 11, 2020 Regarding a lack of development at the Litecoin Project, Charlie Lee was referring to an August 2019 incident where conversations between Litecoin developers were leaked on the social media platform of Reddit.