Should You Buy Lethean (LTHN) Thursday?

Thursday, February 03, 2022 07:45 PM | InvestorsObserver Analysts

Lethean receives a weak short-term technical ranking of 32 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. LTHN has a superior recent technical analysis than 32% 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 Lethean a 32 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Lethean!

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Trading Analysis

LTHN is currently $0.000051 (7.03%) above its 30-day low of $0.000731755 and -$0.001236 (-61.21%) below its 30-day high of $0.00201901. Additionally, LTHN is under its average price of $0.001311472 over the past month of trading with its current price of $0.000783166. Overall, the recent trading history of Lethean suggest that traders are currently bearish on the coin. LTHN has a relatively low market cap for a coin with a total market value of $623,233.16. Lethean'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. Lethean's average volume meanwhile is low with $1,566.62 worth of the coin traded over a typical 24 hour period. LTHN'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. As of the past 24 hours, LTHN's volume is below its average with $210.21 exchanged.

Summary

LTHN'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 Lethean (LTHN).