Litecoin (LTC) Up $0.78 in Last 4 Hours, Started Today Up 1.97%; in a Downtrend Over Past 30 Days – CFDTrading


Litecoin 4 Hour Price Update

Updated September 15, 2020 03:19 AM GMT (11:19 PM EST)

Litecoin is up 1.59% ($0.78) since the last 4 hour candle, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 49.1 US dollars, up 1.97% ($0.95) since the day prior. The change in price came along side change in volume that was up 22.4% from previous day, but down 11.43% from the Monday 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 the day prior. The daily price chart of Litecoin below illustrates.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. 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. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From BTC_JackSparrow:

    “Why is your name no longer Litecoin Jack?!”Obviously because the entire crypto market took a 24% shit and exercising risk management is what keeps you alive to actually have money to trade for your next shotTranslation: I sold, duh

  • From DaddyCool1991:

    September has been a slower month for #Litecoin than August for new non-zero addresses.Only 568,000+ so far in 12 days. 🙂😁📈

  • From fidlaf:

    @XrpMr @FlareNetworks @coinbase @CoinbaseSupport @brian_armstrong 1/2 Charle Lee works for Coinbase.Charle Lee creates litecoin, litecoin gets added to coinbase, Charlie Lee mines his own coin, Charlie Lee sells all his LTC at all time high.
    I can’t believe that
    @coinbase