Litecoin (LTC) Down $0.09 Over Past 4 Hours, Entered Today Up 1.9%; Price Base in Formation Over Past 14 Days

Fibo Quantum

Litecoin 4 Hour Price Update

Updated May 26, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin entered the current 4 hour candle at $42.94, down 0.21% ($0.09) 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

The back and forth price flow continues for Litecoin, which started today off at 42.94 US dollars, up 1.9% ($0.8) from the day prior. The price move occurred on volume that was up 2.28% from the day prior, but down 59.61% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 and 50 day averages, located at 44.06 and 44.14 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. 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. 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

Behold! Here are the top tweets related to Litecoin:

  • From DaddyCool1991:

    In the last 24 hours, out of 25,666 #Litecoin sent trx’s, 22,109 of those trx’s cost $0.02 or less (87% of all trx’s).1,432 cost $0.04
    1,106 cost $0.06
    328 cost $0.08
    781 cost $0.10+Median value of a #LTC sent trx was $59.11
    Medican cost of a LTC sent trx was $0.0011


    Litecoin is unstoppable
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  • From 22loops:

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