Litecoin (LTC) Down $0.2 Over Past 4 Hours, Entered Today Down 2.86%; in a Downtrend Over Past 14 Days

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Litecoin 4 Hour Price Update

Updated May 16, 2020 07:18 PM GMT (03:18 PM EST)

Litecoin came into the current 4 hour candle down 0.46% ($0.2) from the open of the last 4 hour candle, marking the 2nd candle in a row a decline has happened. 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 end of a 3 day positive run has come for Litecoin, which finished the previous day down 2.86% ($1.26). As for how volume fared, yesterday’s volume was up 7.87% from the previous day (Thursday), and up 60.63% from Friday of the week before. On a relative basis, the previous day was pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂 Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Litecoin crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From ChekaZ_:

    Let’s fire out some more $LTC! – A simple retweet will deliver the litecoins directly to your CoinKit wallets over the Litecoin-Blockchain! Take a look at the #litecoin explorer while it’s going, can you spot the CoinKit transactions?@coinkit_ mon 0.0005 555 #LTC #CoinKit

  • From sumcoinlabs:

    #Litecoin has 18 Sextillion hashes of chain work over 9 years. #Sumcoin has 2 Quintillion hashes of chain work in just over 1 year. With $SUM having exponentially higher transactions per day, it could have higher chain work than $LTC within 1 year 😳

  • From MASTERBTCLTC:

    Today you can get 220 litecoin for every 1 bitcoin…I have personally seen it where you can get only 40 litecoin for 1 bitcoin History is repeating the same thing occurred last time before bitcoin broke all time high