Litecoin receives an average long term technique score out of 50 InvestorsObserverResearch is based on historical trading patterns. The proprietary scoring system weighs price movement from the past few months to a year, analyzes the currency’s support and resistance levels and where it stands relative to long-term averages to determine if it’s a good investment opportunity. buy and hold. LTC currently has a long-term technical analysis score of over 50% of the cryptocurrencies in circulation. This ranking metric is most useful for buy-and-hold investors looking for strong and consistent growth when allocating their assets. Coins with a high long- and short-term technical score can help indicate assets that have bottomed out, giving investors the opportunity to ‘buy the dip’.
The current trading price of $76.490000000 for LTC is $12.59000000 (19.70%) above the coins’ 100-day moving average of $63.900000000. Meanwhile, LTC is $35.8100000 (160.99%) above its 52-week low of $40.680000000 and -$76.65000000 (43.42%) below its 52-week price high of $153.140000000. Litecoin’s current price relative to the coins’ long-term average and 52-week highs and lows, gives the crypto a long-term average technical score of 50. LTC’s price movement and range suggest that investors are currency neutral at the moment. . Litecoin currently has a total market capitalization of $5,507,566,886.20 along with its average daily volume of $2,891,221,345.70 on the coin over the past seven days. LTC volume is below its seven-day average over the last 24 hours, with 350,021,383.73 traded in that period. The subclass of this currency Digital money: Digital money is an asset, product or currency intended to maintain value and liquidity over time so that it can be used in the same way that fiat currencies are used.
Technical analysis of Litecoin over the past year results in the crypto receiving a long-term average technical score of 50, as its price movement in that time has given traders reason to be coin-neutral long-term. .
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