Is ILCOIN (ILC) Heading the Right Direction Saturday?

Saturday, February 05, 2022 03:16 PM | InvestorsObserver Analysts

ILCOIN receives a weak long-term technical score of 17 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. ILC currently holds a superior long-term technical analysis score than 17% 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'.

InvestorsObserver is giving ILCOIN a 17 Long-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

ILC is currently -$0.0022686 (-43.80%) below its 100-day moving average price of $0.005179824 with its current price of $0.002911230. Meanwhile, ILCOIN is $0.0010285 (-584097.15%) above its 52-week low price of $0.001882750 and -$2.47520552 (-403.41%) below its 52-week high of $2.478116751. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 17. Trends for the long-term trading history of ILCOIN suggest that traders are currently bearish on the coin. ILCOIN has a total market value of $2,347,099.62 with an low average daily volume of $43,621.37 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ILC's volume is below its average with $5,909.83 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

Trading patterns over the last year for ILCOIN leads to the coin's a weak long-term technical score of 17 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on ILCOIN (ILC).