Litecoin 4 Hour Price Update

Updated July 11, 2020 07:22 AM GMT (03:22 AM EST)

Litecoin closed the previous 4 hours up 0.11% ($0.05); this denotes the 3rd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.

Litecoin is down 0.18% ($0.08) since yesterday, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.

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. 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. Also of note is that on a 90 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 7 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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

@Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Lets get rid of these squabbles and start to build the future; as long as were part of the ecosystem; after all, thats why this is blockchain 3.0

This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it running on a similar code as Litecoin without a cap so its very volatile/reliable & low exchange fees

It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world so forks & alts fit that.Again very different story if there was a fundraise that changes things a lot Im talking Litecoin, Monero etc.

Read more:

Litecoin (LTC) Up $0.05 On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days - CFDTrading