Litecoin 4 Hour Price Update
Updated June 19, 2020 11:20 AM GMT (07:20 AM EST)
Litecoin came into the current 4 hour candle up 1.12% ($0.48) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 43.43 US dollars, down 1.39% ($0.61) from the previous day. This move happened on lower volume, as yesterday’s volume was down 31.96% from the day before — and down 62.58% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
Coming into today Litecoin is now close to its 20, 50 and 100 day averages, located at 45.68, 45.09 and 42.9 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoin’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From Chainlinkjunkie:
@ErtsasTerje All just guessing… but apply some education to that guess and…$ltc went from 4 dolla to 98 dolla in 5 months back at the beginning of last bull runthat piece of shit #Litecoin did a 2100% 🔥 $link to $17 is 300% from here….we have 5 months until EOY#Chainlink
- From ShaneLunde:
One thing I will say about Litecoin is I just transferred a couple hundred bucks from and exchange to another and it was there before I could open my app.
- From BeardedKrypto:
@HamEggsnSam @bensemchee @RoadtoRoota Ben was the same guy talking about how Litecoin was going to get massive adoption. 😂 Now he thinks the PTB are going to allow decentralized 7 tps software that is controlled by China, to overthrow banks. Good luck with that shit
For a longer news piece related to LTC that’s been generating discussion, check out:
The Lightning Network (LN) will allow users to have thousands of transactions through a multisig address….(ex: Bitcoin for Litecoin) Since the Lightning Network is a big topic to tackle, I will break it down into three articles: 1) Understanding Multisigs as the backbone of the Lightning Network 2) The Lightning Network Between Two People 3) The Full Picture of the Lightning Network….A Closed Payment Channel is when a initiated transaction has been successfully broadcast to the network. In the example above, this is achieved when all parties in the multisig sign the transaction.