Litecoin 4 Hour Price Update
Updated March 31, 2020 05:35 AM GMT (01:35 AM EST)
The choppiness in the recent four-hour candle price action of Litecoin continues; to start the current 4 hour candle, it came in at a price of 38.67 US dollars, down 0.92% ($0.36) since the previous 4 hours. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Litecoin Daily Price Recap
39 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved up 4.95% ($1.84) from the day prior. The price move occurred on volume that was up 16.55% from the day prior, but down 57.04% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
First things first: Litecoin crossed above its 20 day moving average yesterday. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From MASTERBTCLTC:
Purchased some litecoin today.
- From duganist:
Litecoin has 22k transactions a day. If I had a small HFT going, it could do about 120 tx/day. That’d be 0.5% or so of the total tx load. Now add in an ecosystem of other traders, we could get to 1M.
- From Teammoon7:
@LandM_Marius So no Litecoin involved in this?