Litecoin (LTC) Up $0.83 On 4 Hour Chart, Entered Today Down 1.18%; Price Base in Formation Over Past 14 Days – CFDTrading


Litecoin 4 Hour Price Update

Updated September 17, 2020 03:19 AM GMT (11:19 PM EST)

Litecoin entered the current 4 hour candle at $48.59, up 1.74% ($0.83) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the last 4 hour candle in terms of percentage price change.

Litecoin Daily Price Recap

Litecoin came into today down 1.18% ($0.57) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 21.43% from the day before — and down 1.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 100 and 200 day averages, located at 50.14 and 47.19 respectively, and thus may be at a key juncture along those timeframes. 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. 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. Or to view things another way, note that out of the past 10 days Litecoin’s price has gone up 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From l3l2ucelee:

    The people that are holding and accumulating Litecoin are putting the work in to reap the benefits. P.S. If you don’t believe Litecoin is going anywhere, this post is not asking for your opinion and you’re probably already in my Fud Folder anyway. 😂

  • From lite_hause:

    Bitcoin and Litecoin are the standard in the crypto-sphere when it comes to reliability and having sound principles.These will always be the known as the the standard off which other coins should be judged against.

  • From MASTERBTCLTC:

    Once it begins, there’s probably only room for a handful of nation-states to buy significant amounts of #Litecoin 🚀. The rest will be lucky to have a whole coins.

As for a news story related to Litecoin getting some buzz:

The Litecoin Blockchain Gets its Own RPG: LiteBringer – Decrypt

However, LiteBringer is the first time a big game has established itself on the Litecoin blockchain.  “LiteBringer embraces the revolutionary potential of the blockchain like few games before….“Our game needs a blockchain with low transaction costs which don’t spike,” Constantin added.  According to Constantin, another advantage to using the Litecoin blockchain is the opportunity for players to truly own their assets.