What do the Long-Term Technicals Predict for Litecoin (LTC) Tuesday?

Tuesday, July 11, 2023 06:22 AM | InvestorsObserver Analysts

Litecoin receives a strong long-term technical score of 87 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 87% 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.

InvestorsObserver is giving Litecoin a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
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Trading Analysis

Litecoin's price is $8.0700000 (9.01%) above its 100-day moving average price of $89.600000000 as its price at the moment sits at $97.670000000. Additionally, LTC is $51.0100000 (185.74%) higher than its 52-week low price of $46.660000000 while -$16.82000000 (76.57%) under its 52-week high of $114.500000000. 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 87. 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 $7,163,084,299.92 to go along with its average daily volume of $5,300,341,076.68 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 694,195,412.00 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 87 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Litecoin (LTC).

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