Litecoin receives a strong long-term technical score of 86 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 86% 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
The current trading price of $77.360000000 for LTC is $16.6700000 (27.47%) above the coins 100-day moving average of $60.690000000. LTC meanwhile is $36.6800000 (163.13%) above its 52-week low of $40.680000000 and -$89.33000000 (40.41%) under its 52-week high price of $166.690000000. Litecoin’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 86. The price movement and range of LTC suggest that investors are neutral on the coin at this time.
Litecoin has a market capitalization of $5,556,110,218.34 and a relatively high average daily volume with $4,144,547,553.92 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LTC’s volume is below its seven day average with 699,296,865.93 exchanged.
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 strong long-term technical score of 86 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Click Here to get the full Report on Litecoin (LTC).
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