Is LUXCoin (LUX) Heading the Right Direction Tuesday?

LUXCoin receives a weak short-term technical ranking of 1 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. LUX has a superior recent technical analysis than 1% of coins 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 LUXCoin a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on LUXCoin!

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Trading Analysis

LUXCoin is $0.000000 (0.00%) higher than its 30-day low price of $0.006447568 while also -$0.009719 (-60.12%) lower than its high of $0.01616690 from the past month of trading. Meanwhile, LUX's current price of $0.006447568 is under its average price of $0.011513164 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of LUXCoin suggest that traders are currently bearish on the coin. LUX has a low market cap compared to the majority of coins with a total market value of $83,547.07. LUXCoin'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. LUXCoin's average volume is low as $7,806.39 worth of the coin is typically traded over a 24 hour period. LUX'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 past 24 hours LUX's volume is below its average with $1,127.31 exchanged.

Summary

LUXCoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on LUXCoin (LUX).