Litecoin 4 Hour Price Update

Updated July 22, 2020 03:19 PM GMT (11:19 AM EST)

Litecoin closed the previous 4 hours up 0.28% ($0.12); this denotes the 2nd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 43.81 US dollars, up 4.38% ($1.84) since the day prior. The price move occurred on stronger volume; specifically, yesterdays volume was up 102.03% from the day prior, and up 33.32% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the day prior. Below is a daily price chart of Litecoin.

Notably, Litecoin crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoins price has gone down 6 of the previous 10 trading days.

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

#LTC hit 272.466 Thash/S the last 24 hrsSecurity is a facet of a decentralized #cryptocurrency that can be overlooked, but can also be more important than price.Dont be fooled by price. #Litecoin dominates Scrypt & is valued by minersThe hash rate cannot be manipulated.

Hey $LTC frenz! Im trying to get @SatoshiLite as a guest on @mineyour_bizI have questions about the social history of crypto at the time of the #Litecoin fork related to my crypto tribalism research. I understand his Twitter is still frozen. Does anyone know what else he uses?

Bitmex is launching a $LTCUSD quanto perpetual swap contract with up to 33x leverage on 30 July 2020. This is the fifth quanto contract to be launched on the #BitMEX platform, offering users further diversification of trading opportunities. $LTC #LTCUSD #Litecoin

For a longer news piece related to LTC thats been generating discussion, check out:

Litecoin vs. XinFin: Why Permissioned Blockchains are the Need of the Hour | by Vinn | Medium

Due to using the PoW protocol, the Litecoin network has so far delivered a record transaction speed of 56 transactions per second.Block Creation Time and Block Reward Transaction speed brings us to block creation time.It can be questioned that the block reward for mining is lower in the case of XinFin as compared to Litecoin, but lets not forget that the block creation time, and hence the energy consumed to create one block on XinFin is far lesser than that of Litecoin.This is the reason why a blockchain such as XinFin, which renders the features of a permissioned or private as well as a permissionless blockchain, is important to exist and bring the enterprise sector into the blockchain industry.

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Litecoin (LTC) Up $0.18 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; Crosses 20 and 50 Day Moving Averages - CFDTrading