Is Lotto (LOTTO) Trending Lower or Higher Wednesday?

Wednesday, January 12, 2022 07:28 AM | InvestorsObserver Analysts

Lotto receives a weak short-term technical score of 10 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. LOTTO holds a better recent technical analysis than 10% of tokens 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 Lotto a 10 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Lotto!

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Trading Analysis

Lotto is $0.003246 (49.50%) above its 30-day low of $0.006557745 while -$0.011380 (-53.72%) below its 30-day high of $0.02118376. In addition, LOTTO's current price of $0.009803540 is under its 30-day moving average price of $0.014550912, leading to a weak short-term technical score. Overall the recent trading history of Lotto suggest that investors are bearish on the token at the moment. LOTTO has a relatively average market cap for a token with a total market value of $19,607,079.90. The market valuation for Lotto is relatively average due to the largest 100 cryptos having a market cap above $1 billion and LOTTO sits underneath that mark but remains above $100 million in market capilization. Lotto's average volume meanwhile is average with $54,336.30 worth of the token traded over a typical 24 hour period. The volume for LOTTO is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, LOTTO's volume is below its average with $7,445.24 exchanged. Lotto's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

LOTTO'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 Lotto (LOTTO).