Litecoin 4 Hour Price Update
Updated August 06, 2020 07:19 AM GMT (03:19 AM EST)
Litecoin is down 0.03% ($0.02) since the previous 4 hours, marking the 3rd candle in a row a decrease has occurred. On a relative basis, Litecoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Litecoin Daily Price Recap
The back and forth price flow continues for Litecoin, which started today off at 58.93 US dollars, up 2.26% ($1.3) from yesterday. The change in price came along side change in volume that was up 18.31% from previous day, but down 17.03% from the Wednesday of last week. 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 yesterday. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 15 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Litecoin:
- From Mikey_Mach:
$LTC market cap is already 3x more than $ZEC and 2x more than $XMRDaily active addresses/transactions (non trading volume) is consistently 10x more 🐔When MimbleWimble launches #Litecoin will take a huge chunk of users/market cap from zec and xmr@jonnylitecoin @johnkim77
- From CryptoJebb:
I just opened my Exodus wallet and saw my balance of LTC. Made me remember my very first crypto purchase, .25 LTC at $41.02 per coin in August of 2017. Man…. That was a lot of money for me back then…. Time to buy 250 Litecoin 😂 #Nostalgia
- From DaddyCool1991:
Once #Litecoin adds Mimblewimble it will be the only #Cryptocurrency in the market cap’s Top 10 currently with fungibility.Let that sink in a minute.
As for a news story related to Litecoin getting some buzz:
Conceived as a feature that will improve the scalability of Litecoin’s network, the initial block download will allow transactions to be verified only by checking the “state of the chain”….Therefore, MimbleWimble will have a different verification mechanism than Bitcoin, a miner will not need to download all blocks on Litecoin to verify transactions….Through a publication on Twitter, Hoskinson stated that he “loves” the idea of a cross chain communication between Litecoin and Cardano….I love the idea of testing cross chain communication between Litecoin and Cardano.