ILCOIN (ILC): Does it Score Poorly on Short-Term Trading Metrics Thursday?

Thursday, December 30, 2021 06:38 PM | InvestorsObserver Analysts

ILCOIN receives a weak short-term technical score of 32 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ILC holds a better recent technical analysis than 32% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving ILCOIN a 32 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ILCOIN!

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Trading Analysis

ILCOIN is $0.001466 (40.59%) higher than its 30-day low price of $0.003610520 while also -$0.008270 (-61.97%) lower than its high of $0.01334634 from the past month of trading. Meanwhile, ILC's current price of $0.005076094 is under its average price of $0.006218398 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of ILCOIN suggest that traders are currently bearish on the coin. ILCOIN's market cap of $4,266,419.05 is relatively low for a coin. ILCOIN's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, ILC's average volume is low with $165,751.31 worth of the coin traded over an average 24 hour period. ILC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, ILC's volume is below its usual with $20,137.97 exchanged. ILCOIN'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

ILCOIN's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on ILCOIN (ILC).