Litecoin 4 Hour Price Update

Updated July 30, 2020 03:20 AM GMT (11:20 PM EST)

Litecoin is down 0.83% ($0.46) since the previous 4 hours, marking the 2nd candle in a row it has gone down. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 55.22 US dollars, down 1.13% ($0.63) since the previous day. The price move occurred on volume that was down 47.12% from the day prior, but up 236.77% 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. The daily price chart of Litecoin below illustrates.

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. 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 another vantage point, consider that Litecoins price has gone down 16 of the previous 30 trading days.

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

@RichardHeartWin @SatoshiLite Cant imagine where Litecoin would be if @SatoshiLite hadnt dumped ALL his Litecoin at the top. Will it ever recover? We shall see! Thankfully I got into Litecoin early before the pump of 2017 but I flipped all my Litecoin for #Hex and never looked back. Best move I ever made!

@SatoshiLite litecoin is the only coin i will forever hate. Being dumped on the top by the founder and he claims it was a due to a conflict of interest is pure bs. I would of respected more if he had said that he was takin profits.

@Asadharari @Venkate11772346 I believe in a mega bullrun litecoin will outperform bitcoin in % increase. If btc doubles last bullrun price to 40k then litecoin can reach 1k.We just never know how this bull run will play out. Its my belief under the conditions next run will make 2017 look like a warm up

In terms of news links for Litecoin heres one to try:

Litecoin Foundation Donate crypto at Blockchair Donut

Support the nonprofit leading development and security of the Litecoin global payment network.David provides a monthly progress report which you can read on litecointalk.io In addition, The Litecoin Foundation helps to support adoption and align key partnerships to give Litecoin users financial tools to help with growth of the currency.

See the original post here:

Litecoin (LTC) Down $0.46 On 4 Hour Chart, Underperforms All Top Cryptos to Start the Day; But Still in an Uptrend Over Past 14 Days - CFDTrading