Litecoin (LTC) Down $1.23 On 4 Hour Chart, Entered Today Down 3.48%; Crosses 50 Day Moving Average

Litecoin 4 Hour Price Update

Updated May 22, 2020 03:30 PM GMT (11:30 AM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 42.7 US dollars, down 2.8% ($1.23) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class 🙂

Litecoin Daily Price Recap

Litecoin came into today down 3.48% ($1.54) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 8.24% from the day before — and down 0.31% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, Litecoin crossed below its 50 day moving average yesterday. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

  • From SatoshiLite:

    I’ve braced myself for the hate, but this joke was just too good to pass up! 😂Joke aside, Litecoin launched when there was already a large vibrant crypto community. So it’s extremely unlikely any early miners mined anywhere close to 5% of the coins like Satoshi allegedly did.

  • From dgb_chilling:

    I can do you one better. Let’s hypothesize that both the $LTC and $DGB blocks are *also* full to the same extent. Mempool will empty both 4x (LTC) and 40x (DGB) faster than #Bitcoin, but tx costs at current USD$ coin values would be 0.06 for #Litecoin or $0.00002 for #DigiByte 🤯

  • From dgb_chilling:

    To add to the mix, #Litecoin would be a little over USD$0.02 for 5000 Sats, and a 2.5 minute conf time being 10x longer compared to #DigiByte . That is definitely more cost-effective than #Bitcoin but the raw on-chain scaling of $DGB is clearly a winner… 🥰

In terms of news links for Litecoin here’s one to try:

Litecoin Confidential Transactions – Dedicated Fund – Development – Litecointalk Forum

For more information on how opt-in privacy will be implemented onto Litecoin, here are the two Litecoin Improvement Proposals (LIPs): Since the current Litecoin code is very similar to Bitcoin code, David Burkett will have a large task ahead of him….So in order to make sure that this continues to happen even after the MimbleWimble code has been integrated, David will need further resources to make the necessary infrastructure changes so once MimbleWimble code is released on Litecoin, the Litecoin Core developers will still be able to merge changes from future Bitcoin core releases….) Thank you Charlie for your continued support & vision for litecoin and the community We are forever grateful David’s update for this month: Mimblewimble Progress Update Thread January pay of $6000 (84.19788186 LTC at 71.2607 LTC/USD) has been sent out to David.