Litecoin receives a weak long-term technical score of 22 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, LTC holds a superior long-term technical analysis score than 22% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
LTC is currently -$48.8400000 (-51.73%) below its 100-day moving average price of $94.410000000 with its current price of $45.580000000. Meanwhile, Litecoin is $4.8200000 (84.84%) above its 52-week low price of $40.750000000 and -$248.99000000 (12.08%) below its 52-week high of $294.560000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 22. Trends for the long-term trading history of Litecoin suggest that traders are currently bearish on the coin.
Litecoin currently has a total market cap of $3,213,214,471.21 to go along with its average daily volume of $5,275,827,732.53 worth of the currency over the past seven days. LTC’s volume is below its seven day average as of the past 24 hours, with 1,063,793,516.13 exchanged in that period.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Summary
Trading patterns over the last year for Litecoin leads to the coin’s a weak long-term technical score of 22 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin.
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