Is 2local (2LC) Heading the Right Direction Wednesday?

2local receives a weak short-term technical ranking of 13 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. 2LC has a superior recent technical analysis than 13% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving 2local a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on 2local!

See Full Report

Trading Analysis

2local is $0.000007 (27.07%) higher than its 30-day low price of $0.000025187 while also -$0.000070 (-68.67%) lower than its high of $0.00010217 from the past month of trading. Meanwhile, 2LC's current price of $0.000032006 is under its average price of $0.000063295 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of 2local suggest that traders are currently bearish on the token. 2LC has a relatively low market cap for a token with a total market value of $147,381.31. 2local'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. 2local's average volume meanwhile is low with $202,806.58 worth of the token traded over a typical 24 hour period. 2LC'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. As of the past 24 hours, 2LC's volume is below its average with $28,490.98 exchanged.

Summary

2LC's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on 2local (2LC).