Litecoin (LTC) Down $0.24 in Last 4 Hours, Entered Today Up 3.5%; Crosses 100 Day Moving Average

Litecoin 4 Hour Price Update

Updated June 13, 2020 03:20 AM GMT (11:20 PM EST)

Litecoin closed the last 4 hour candle down 0.54% ($0.24); this denotes the 3rd candle in a row it has gone down. 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

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 44.71 US dollars, up 3.5% ($1.51) since the previous day. The change in price came along side change in volume that was down 35.64% from previous day, but up 18.03% from the Friday of last week. On a relative basis, the previous day was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to 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!

For a longer news piece related to LTC that’s been generating discussion, check out:

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.