Litecoin (LTC) Down $0.25 On 4 Hour Chart, Entered Today Up 3.63%; Breaks Above 50 Day Average

Fibo Quantum

Litecoin 4 Hour Price Update

Updated May 23, 2020 11:17 AM GMT (07:17 AM EST)

Litecoin came into the current 4 hour candle down 0.56% ($0.25) from the open of the previous 4 hours, 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 previous 4 hours 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 44.22 US dollars, up 3.63% ($1.55) since yesterday. This move happened on lower volume, as yesterday’s volume was down 5.63% from the day before — and down 12.79% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed above its 50 day moving average yesterday. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From flappening:

    #litecoin has done a good job on holding while #bitcoin falls a little. Maybe this is the beginning of the climb back to a more normal comparison rate.

  • From MASTERBTCLTC:

    Litecoin is a tool to transfer wealth from those arrogant enough to bet against supply and demand economics to those who are humble enough to believe the simplest rule in finance.

  • From Fresh_Fontana:

    @DR6am @go_m3z Don’t bring back those memories about litecoin @DR6am haha. Nov-Dec 2017. My first trade ever! Bought $LTC near the top in the $300’s and panic sold near $150. Nearly blew up a $10k account on my first trade. 👀 I look at that trade as my tuition for my trading education LMAO 😂