Litecoin (LTC) Up $0.28 On 4 Hour Chart, Breaks Above 20 Day Average; Price Base in Formation Over Past 30 Days
Litecoin 4 Hour Price Update
Updated May 20, 2020 07:18 PM GMT (03:18 PM EST)
Litecoin’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 0.64% ($0.28). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous 4 hours in terms of percentage price change.
Litecoin Daily Price Recap
Litecoin is up 0.97% ($0.44) since the day prior, marking the 4th day in a row an upward move has occurred. The price move occurred on volume that was down 36.35% from the day prior, but up 163.67% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the day prior. The daily price chart of Litecoin below illustrates.
Litecoin Technical Analysis
First things first: Litecoin crossed above its 20 day moving average yesterday. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From DaddyCool1991:
Pretty sure you will hear absolutely nothing from #BTC maxis regarding Atari & #Litecoin partnering…or the exact opposite and how stupid a partnership it is.Either way, it is a good step for all #crypto & that is all that matters.
- From revmeupagain:
@LTCFoundation @atari That’s sweet. You know what would be even better is if you partnered with Valve/Epic Games/EA. Using Litecoin to pay for digital games is the way to go! Maybe this could be a start to see arcade machines with payments of Bitcoin/Litecoin. Easy QR code setup.
- From BrandonZook12:
Quite an Up & Down day in the Market! ➕ Today I added….
Two shares of $LUV (Southwest Airlines)
One share of $TWTR (Twitter)➕ And in Cryptocurrency….
Bought my first share of LTC (Litecoin)How did the Market treat you today?
As for a news story related to Litecoin getting some buzz:
Litecoin Foundation announces new partnership with Atari® | Litecoin Foundation
“It is great to see Litecoin being used in a variety of different ways within the Atari ecosystem, from purchasing the new Atari VCS gaming console to being used as a way to invest in Atari Tokens….The Litecoin Foundation is excited to see the possibilities a partnership like this can have for not only Litecoin and cryptocurrencies but also the gaming industry and lifelong fans of Atari.” ”“We are pleased to have Litecoin as a means of payment for the Atari Token sales.