Litecoin (LTC) Up $0.93 in Last 4 Hours, Entered Today Down 4.44%; Crosses 100 Day Moving Average

Litecoin 4 Hour Price Update

Updated June 01, 2020 11:19 PM GMT (07:19 PM EST)

Litecoin closed the previous 4 hours up 1.98% ($0.93); this denotes the 3rd candle in a row it has gone up. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 45.6 US dollars, down 4.44% ($2.12) from the previous day. This move happened on lower volume, as yesterday’s volume was down 4.88% from the day before — and down 38.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Litecoin.

Litecoin Technical Analysis

First things first: Litecoin crossed below its 100 day moving average yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From DaddyCool1991:

    #Litecoin’s hash rate over the past 24 hrs is at 259.3982 Terahash/SThis is an increase of 12.89% in 1 day & the highest hash rate since 10/15/2019

  • From DaddyCool1991:

    @ToneVays Over 32k wallets USED #Litecoin yesterday alone, with over 3.74% of it’s entire market cap being used. Median trx value was $53.61. Median trx fee $0.00081.And #LTC’s tech is better. It’s the same as BTC’s, just cheaper. Even if you take ratio of cost per coin vs. cost per trx.

  • From DaddyCool1991:

    There were $8,209,925,600 in #LTC transactions sent (not trading) for April and May combined.#Litecoin is far from dead.

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