Litecoin (LTC) Up $0.92 Over Past 4 Hours, 2 Day Up Streak Broken; in an Uptrend Over Past 30 Days

Litecoin 4 Hour Price Update

Updated May 10, 2020 11:18 PM GMT (07:18 PM EST)

Litecoin is up 2.23% ($0.92) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin Daily Price Recap

The back and forth price flow continues for Litecoin, which started today off at 46.98 US dollars, down 1.61% ($0.77) from the previous day. The price move occurred on volume that was down 0.19% from the day prior, but up 53.45% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Litecoin below illustrates.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 day averages, located at 45.51 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

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

  • From FOMOBYDICK:

    Giving away 1 Litecoin $LTC on @BlockchainNote later on! If youre not already on the app head to your app store & search “Note Blockchain” The giveaway is exclusively for users of the platform so you have to interact with my giveaway post to be entered.
    #LitecoinFam

  • From DaddyCool1991:

    #Litecoin’s value & utility continually brings companies, teams, etc. to the Foundation looking for ways to work with #LTC Companies not owned or orchestrated by a pseudo-network managed by the coin itself, fabricating a false sense of coin usage.You’ll see what I mean soon.

  • From MASTERBTCLTC:

    Senators called for $2,000 cash payments to every American who earns less than $120,000. it would expand to $4,000 for married couples and also provided an extra $2,000 for each child up to three.Normally I would be opposed, however I’m ready to buy more litecoin 💥💥💥💥

For a longer news piece related to LTC that’s been generating discussion, check out:

The Historical Importance of SegWit on Litecoin — The Litecoin School

Since there was so much in-fighting between implementing a SegWit softfork and simply just increasing blocksizes in lieu of SegWit, the Bitcoin community was stuck….This then created another wave of debate as the discussion shifted towards how to exactly determine “consensus.” Then bitcoin clients were released that allowed non-mining nodes to “signal” in support of SegWit or a Blocksize increase….Oh, and Litecoin implementing Segwit also proved that the “anyone can spend” FUD was…well just FUD….In fact, the funds were left there for about 4 months…or just a few weeks after Bitcoin activated SegWit.   Though many Bitcoin maximalists may not admit this, Litecoin was an important part in helping implement SegWit onto Bitcoin: Litecoin proved it was safe to do so on main net.