Litecoin 4 Hour Price Update

Updated May 26, 2020 07:18 AM GMT (03:18 AM EST)

Litecoin is down 0.75% ($0.32) since the previous 4 hours, marking the 3rd candle in a row a decline has happened. 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 previous 4 hours.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 42.94 US dollars, up 1.9% ($0.8) since the day prior. The change in price came along side change in volume that was up 2.28% from previous day, but down 59.61% from the Monday of last week. 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 day prior. Below is a daily price chart of Litecoin.

Coming into today the current price of Litecoin is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 16 out of the past 30 days.

Behold! Here are the top tweets related to Litecoin:

In the last 24 hours, out of 25,666 #Litecoin sent trxs, 22,109 of those trxs cost $0.02 or less (87% of all trxs).1,432 cost $0.041,106 cost $0.06328 cost $0.08781 cost $0.10+Median value of a #LTC sent trx was $59.11Medican cost of a LTC sent trx was $0.0011

Litecoin is unstoppable 4x faster blocks digital silver 84M 8+ yrs no premine POW King of Scrypt No satoshi stash all ATMs BTC twin 4Y halvings Oscillator litecoinfam Atomic swaps MimbleWimble 100% uptime Gemini Pay

You guys wanna hear a story about a shadowgroup of + 40 yr old miners hidden in a waterdam calling themselves The Litecoin Mafia?

Originally posted here:

Litecoin (LTC) Down $0.4 Over Past 4 Hours; Entered Today Down 3.92% - CFDTrading