Litecoin (LTC) Down $0.09 Over Past 4 Hours, Underperforms All Top Cryptos to Start the Day; Entered Today Down 0.55%

Fibo Quantum

Litecoin 4 Hour Price Update

Updated August 27, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin closed the last 4 hour candle down 0.15% ($0.09); this denotes the 2nd straight candle a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin Daily Price Recap

Litecoin closed the previous day down 0.55% ($0.32); this denotes the 2nd straight day it has gone down. This move happened on lower volume, as yesterday’s volume was down 55.48% from the day before — and down 70.34% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous day. Below is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day averages, located at 59.69 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. 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 14 days Litecoin’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From robustus:

    @ErikVoorhees @udiWertheimer @lopp Not just tether, but many maxis very annoyingly gave *litecoin* a pass of sorts in 2017/18, largely because Charlie was so vocally anti-s2x. Nevermind that the absurdity of tweak-coins, which LTC pioneered, is really what gave rise to maximalism in the first place.

  • From slh2813:

    @litecoin_bull @ROYALMRBADNEWS @MrAndyNgo The Russia hoax likely died w/Clinesmith. Barr & Durham are DS fixers. Storms & fires seem worse than ever. HAARP & DEW? We are poisoned daily via our water, air, food, cleaning products, vaccines, test swabs, et al. DS wants us dead so the earth is there’s.
    We are sitting ducks.

  • From 3L3C70:

    @AlexSaundersAU @MichaelAGuertin @TheCryptoLark @adam3us @Excellion @WhalePanda @lopp I was personally involved in trying to launch smart contracts on RSK and bring RSK to litecoin in 2017. Now that I see they actually were invited AFTER liquid I am even more amazed. Mow tweeted they had no other options in 2017 when this started, such BS. He was invited 2018

For a longer news piece related to LTC that’s been generating discussion, check out:

Investegate |Online Blockchain Announcements | Online Blockchain: Litecoin Foundation and OBC Collaboration

 
Appendix:  Key Definitions

 

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