Litecoin (LTC) Up $0.27 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Started Today Down 7.41%

Fibo Quantum

Litecoin 4 Hour Price Update

Updated September 03, 2020 01:35 AM GMT (09:35 PM EST)

Litecoin is up 0.47% ($0.27) since the last 4 hour candle, marking the 2nd consecutive candle an increase has occurred. 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 58.1 US dollars, down 7.41% ($4.65) from the previous day. The price move occurred on volume that was down 21.37% from the day prior, but up 84.85% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.

LTC

Litecoin Technical Analysis

Notably, Litecoin crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Litecoin’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

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

  • From DaddyCool1991:

    Total #LTC transaction fees for 8/31/2020, resulting from 42,350 trx’s worth $247,936,476.36 of total value was only $694.80In other words, 1/4 of a billion* dollars worth of #Litecoin moved in 1 day for a total cost of only $694.80* thanks @Pacifica2525 😉

  • From 4CosmicTweets:

    @LoriAnn27644037 @litecoin_bull @sommerfeldkitty @KenDavi80404473 @Pladuim2 @ROYALMRBADNEWS @SGTreport @realDonaldTrump @TruthSerum2all @BlackTharon @DebraRh82674361 @DextertheDeplo1 @trixirilla @tammiesawakenow @DragonRageGamin @d5tidalwave @americandream09 @Apachedoc @TiffanyBlu4 @truthserum4all @NINJAKEK1 @DrButtar @carmindabrendel @AQtime Yes…
    Also, I wonder what is/r the reason/reasons that stop that? Sometimes I feel like a selfish person as I want this movie to be ended ASAP ⁉️ Even though I know that there are so many more people who need more time to wake up by seeing the #Truth with their own eyes!!! 😔

  • From LocalCryptosEN:

    In recent weeks, #Litecoin P2P trading volume surged by 350% in Latin America and 266% in Sub-Saharan Africa.Until L2s become easy to use, high network fees on $ETH and $BTC are driving small peer-to-peer transactions to cheaper blockchains.

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

Institutions are buying Litecoin (LTC) at a 1,200% price premium

CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….Buying and trading cryptocurrencies should be considered a high-risk activity….None of the information you read on CryptoSlate should be taken as investment advice.