Is Ravencoin Classic (RVC) Heading the Right Direction Saturday?

Saturday, June 18, 2022 03:55 PM | InvestorsObserver Analysts

Ravencoin Classic receives an average long-term technical score of 60 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. RVC currently holds a superior long-term technical analysis score than 60% 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 Ravencoin Classic a 60 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ravencoin Classic!

See Full Report

Trading Analysis

The current trading price of $0.000024493 for RVC is -$0.0000303 (-55.29%) below the coins 100-day moving average of $0.000054787. RVC meanwhile is $0.0000115 (-84600341.14%) above its 52-week low of $0.000013002 and -$0.00054183 (-1765781.72%) under its 52-week high price of $0.000566320. Ravencoin Classic's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 60. The price movement and range of RVC suggest that investors are neutral on the coin at this time. Ravencoin Classic has a total market value of $257,212.23 with an low average daily volume of $73,996.74 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RVC's volume is below its average with $8,693.53 exchanged in total.

Summary

RVC's historical trading over the past year gives it a an average long-term technical score of 60 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Ravencoin Classic (RVC).