Litecoin (LTC) Down $0.33 in Last 4 Hours, Entered Today Down 1.78%; is Inching Close to 100 Day Average

Litecoin 4 Hour Price Update

Updated July 25, 2020 01:36 AM GMT (09:36 PM EST)

The end of a 3 four-hour candle positive run has come for Litecoin, which finished the last 4 hour candle down 0.74% ($0.33). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin is down 1.78% ($0.8) since the previous day, marking the 2nd day in a row it has gone down. The price move occurred on volume that was down 42.75% from the day prior, but up 38.88% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a 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 43.64, 43.63 and 44.15 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Litecoin’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From Litewallet_App:

    PSA: The whole point of Litewallet is:
    A free open source code wallet where only you know the seed 12 words…no one in the Litecoin Foundation does. Too many users still ask us to give them their seed because they lost it. Don’t be like them! Store and protect your seed!

  • From DaddyCool1991:

    The #Litecoin blockchain has given out over $322,493 in mining rewards over the past 24 hours.Each block mine has been worth $554.11

  • From NoodleofBinance:

    Litecoin founder @SatoshiLite said during an interview yesterday that he would revise his original forecast of $crypto bull market by end of 2020 He said towards the end of the interview he would predict raging bull VERY SOON