Litecoin (LTC) Down $0.24 in Last 4 Hours, Underperforms All Top Cryptos to Start the Day; Moves Down For the 3rd Day In A Row

Litecoin 4 Hour Price Update

Updated July 16, 2020 07:19 PM GMT (03:19 PM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 41.8 US dollars, down 0.57% ($0.24) from the previous 4 hours. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.

Litecoin Daily Price Recap

Litecoin is down 1.39% ($0.61) since the day prior, marking the 3rd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 9.76% from the day before — and down 59.22% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone down 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From lite_hause:

    Why Litecoin, you ask ⁉️🔸No premine
    🔸No hidden “founders stash”
    🔸Proof of Work (dominates Scrypt mining) ➡️ difficult to successfully attack.
    🔸High liquidity (supported by almost every exchange). Consistently ranks top 4 in 24 hour volume
    🔸Soon ➡️ MimbleWimble 😎

  • From Cardano_Guy:

    The day will come when #Cardano de-couples from #bitcoin But being open and working with others is essential Do you think @Cardano working with @litecoin is a good idea?@_Cardano_ADA @CryptoIRELAND1 @HukAleksandra #DeFi @RaoulGMI

  • From MoonOverlord:

    @FonsoKill If I had to make a personal top 10 $LTC would be in it easily.One of the oldest cryptos, biggest mining networks and communities. Has decent adoption too at least compared to bitcoinIf a place offers btc payments they usually have litecoin too (litecoin has 4x faster blocks)

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

Litecoin Confidential Transactions – Dedicated Fund – Development – Litecointalk Forum

For more information on how opt-in privacy will be implemented onto Litecoin, here are the two Litecoin Improvement Proposals (LIPs): Since the current Litecoin code is very similar to Bitcoin code, David Burkett will have a large task ahead of him….So in order to make sure that this continues to happen even after the MimbleWimble code has been integrated, David will need further resources to make the necessary infrastructure changes so once MimbleWimble code is released on Litecoin, the Litecoin Core developers will still be able to merge changes from future Bitcoin core releases….) Thank you Charlie for your continued support & vision for litecoin and the community We are forever grateful David’s update for this month: Mimblewimble Progress Update Thread January pay of $6000 (84.19788186 LTC at 71.2607 LTC/USD) has been sent out to David.