What do the Long-Term Technicals Predict for Lattice Token (LTX) Sunday?

Sunday, June 04, 2023 03:35 PM | InvestorsObserver Analysts

InvestorsObserver gives Lattice Token a weak long-term technical score of 13 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. LTX at this time has a superior long-term technical analysis score than 13% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Lattice Token a 13 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Lattice Token!

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Trading Analysis

LTX is currently -$0.1000000 (-49.87%) below its 100-day moving average price of $0.210000000 with its current price of $0.100000000. Meanwhile, Lattice Token is $0.0200000 (-12973.03%) above its 52-week low price of $0.080000000 and -$0.70000000 (-1234.55%) below its 52-week high of $0.800000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 13. Trends for the long-term trading history of Lattice Token suggest that traders are currently bearish on the token. Lattice Token has a market capitalization of $2,977,357.19 and a relatively low average daily volume with $2,759,069.45 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LTX's volume is below its seven day average with 395,316.25 exchanged. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Technical analysis of Lattice Token over the past year results in the crypto receiving a a weak long-term technical score of 13 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Lattice Token (LTX).