Litecoin receives an average long-term technical score of 55 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
LTC currently holds a superior long-term technical analysis score than 55% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
Litecoin’s price is $4.1600000 (6.76%) above its 100-day moving average price of $61.510000000 as its price at the moment sits at $65.670000000. Additionally, LTC is $24.9900000 (134.39%) higher than its 52-week low price of $40.680000000 while -$101.02000000 (33.40%) under its 52-week high of $166.690000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives LTC an average long-term technical score of 55. Long-term trading movement of Litecoin suggest that investors are neutral on the coin at the moment.
Litecoin has a total market value of $4,721,387,445.53 with an high average daily volume of $1,958,228,317.36 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, LTC’s volume is below its average with $317,533,708.26 exchanged in total.
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
Technical analysis of Litecoin over the past year results in the crypto receiving a an average long-term technical score of 55 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Litecoin (LTC).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter