Litecoin (LTC) Up $0.41 in Last 4 Hours, Moves Up For the 3rd Consecutive Day; Pin Bar Pattern Appearing on Chart

Litecoin 4 Hour Price Update

Updated September 12, 2020 01:36 AM GMT (09:36 PM EST)

Litecoin is up 0.84% ($0.41) since the previous 4 hours, marking the 5th candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin Daily Price Recap

Litecoin came into today up 0.57% ($0.28) from the open of yesterday, marking the 3rd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 9.89% from the day before — and down 52.63% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 100 and 200 day averages, located at 50.04 and 47.53 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 8 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

• From brucefenton:
  

  So the default of many tokens is that they are trying to be money… and they are really weak money with no comparison to Bitcoin or Monero or Litecoin etcOr they try to avoid securities laws by claiming “utility”…in other words a gift certificate to a store no one shops at

• From MASTERBTCLTC:
  

  @marsinel00 Yes I think it’s realistic If bitcoin can go to 288k The LTCBTC pair would only be .0104 If you look at cycle highs for litecoin .02-025 is possible Which would be $5760-$7200 price per litecoin Many won’t believe until it happens

• From pilotgal1:
  

  @ROYALMRBADNEWS @litecoin_bull Thank you mr judges for confirming my suspicion. I really like your intel and it is much appreciated you take the time to share with the broader community. Have yourselves a wonderful evening. God Speed.

As for a news story related to Litecoin getting some buzz:

Flare plans smart contracts for Ripple’s XRPL, Bitcoin and Litecoin

In an interview with Crypto Eri, Flare Networks emphasized that Flare’s purpose will be to add value, utility, and new use cases for XRP users….Flare Networks, Philion said, is developing use cases for XRP with a “different” offering….Currently, Flare Networks has a scheduled an airdrop of their Spark token for XRP holders….Philion noted that the Flare community through the Spark token will have a say in whether the network expands to these and other blockchains.