Litecoin (LTC): Does it Score Poorly on Long-Term Trading Metrics Thursday?

Thursday, March 28, 2024 12:25 PM | InvestorsObserver Analysts

Litecoin receives a strong long-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 85% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Litecoin a 85 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

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Trading Analysis

LTC is currently $18.9900000 (25.25%) above its 100-day moving average price of $75.200000000 with its current price of $94.190000000. Meanwhile, Litecoin is $36.1500000 (143.33%) above its 52-week low price of $58.040000000 and -$20.31000000 (73.53%) below its 52-week high of $114.500000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 85. Trends for the long-term trading history of Litecoin suggest that traders are currently neutral on the coin. Litecoin currently has a total market cap of $7,003,823,664.97 to go along with its average daily volume of $5,684,525,405.11 worth of the currency over the past seven days. LTC's volume is below its seven day average as of the past 24 hours, with 671,120,933.88 exchanged in that period. 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

Technical analysis of Litecoin over the past year results in the crypto receiving a a strong long-term technical score of 85 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Litecoin (LTC).