Litecoin receives a strong long-term technical score of 83 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 83% 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 -$36.9700000 (-26.23%) below its 100-day moving average price of $140.910000000 as its price at the moment sits at $103.940000000. Additionally, LTC is $11.3300000 (100.36%) higher than its 52-week low price of $92.610000000 while -$309.02000000 (22.75%) under its 52-week high of $412.960000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives LTC a strong long-term technical score of 83. Long-term trading movement of Litecoin suggest that investors are neutral on the coin at the moment.
Litecoin currently has a total market cap of $7,252,116,310.47 to go along with its average daily volume of $5,618,428,594.24 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 829,898,626.36 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
LTC’s historical trading over the past year gives it a a strong long-term technical score of 83 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
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