Litecoin 4 Hour Price Update

Updated July 18, 2020 07:18 PM GMT (03:18 PM EST)

Litecoin came into the current 4 hour candle up 0.14% ($0.06) from the open of the last 4 hour candle, marking the 4th candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin closed yesterday down 0.43% ($0.18); this denotes the 5th day in a row a decline has happened. This move happened on lower volume, as yesterdays volume was down 56.16% from the day before and down 25.51% 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 yesterday. Here is a daily price chart of Litecoin.

The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 additional context, note that price has gone down 9 out of the past 14 days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

The first time I ever heard of Litecoin was from people talking crap about it somewhere on the internet. They mentioned Charlie Lee, I youtubed him, and he made perfect sense to me and so did Litecoin. So yes, in a sense, any publicity is good publicity..

Remember when Litecoin was in the low 20s last year and a few months later, it was over 100?Its only a matter of time before that volatility returns.

@litecoin_bull @ROYALMRBADNEWS Since I saw the Wayfair alphabet kids I havent been able to sleep. Its one thing to know, its quite another to see. Im trying to be strong but Im kinda losing it. Thank God for God!

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Litecoin (LTC) Down $0.03 On 4 Hour Chart, Entered Today Down 0.43%; Price Base in Formation Over Past 14 Days - CFDTrading