What do the Short-Term Technicals Predict for ILCOIN (ILC) Monday?

Monday, February 28, 2022 03:54 PM | InvestorsObserver Analysts

ILCOIN receives an average short-term technical score of 33 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ILC holds a better recent technical analysis than 33% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving ILCOIN a 33 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ILCOIN!

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Trading Analysis

ILC is currently $0.001480 (57.81%) above its 30-day low of $0.002560156 and -$0.000821 (-16.90%) below its 30-day high of $0.00486158. Additionally, ILC is above its average price of $0.003303799 over the past month of trading with its current price of $0.004040174. Overall, the recent trading history of ILCOIN suggest that traders are currently neutral on the coin. ILCOIN's market cap of $3,315,117.55 is relatively low for a coin. ILCOIN'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, ILC's average volume is low with $23,237.17 worth of the coin traded over an average 24 hour period. ILC'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, ILC's volume is below its usual with $3,106.65 exchanged. ILCOIN'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

ILC's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the coin in the short-term. Click Here to get the full Report on ILCOIN (ILC).