Ritocoin (RITO) What Does the Chart Say Saturday?

Ritocoin receives a weak short-term technical ranking of 6 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. RITO has a superior recent technical analysis than 6% 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 Ritocoin a 6 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ritocoin!

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Trading Analysis

Ritocoin is $0.000003 (4.54%) higher than its 30-day low price of $0.000068732 while also -$0.000177 (-71.07%) lower than its high of $0.00024840 from the past month of trading. Meanwhile, RITO's current price of $0.000071854 is under its average price of $0.000136422 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Ritocoin suggest that traders are currently bearish on the coin. Ritocoin's market cap of $119,269.17 is relatively low for a coin. Ritocoin'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. Meanwhile, RITO's average volume is low with $121.40 worth of the coin traded over an average 24 hour period. RITO'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 last 24 hours, RITO's volume is below its usual with $16.29 exchanged.

Summary

RITO'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 coin in the short-term. Click Here to get the full Report on Ritocoin (RITO).