What do the Short-Term Technicals Predict for Litecoin Cash (LCC) Thursday?

Thursday, December 09, 2021 06:48 AM | InvestorsObserver Analysts

Litecoin Cash receives a weak short-term technical score of 1 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. LCC holds a better recent technical analysis than 1% 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 Litecoin Cash a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Litecoin Cash!

See Full Report

Trading Analysis

Litecoin Cash is $0.003192 (34.60%) higher than its 30-day low price of $0.009225335 while also -$0.035190 (-73.92%) lower than its high of $0.04760649 from the past month of trading. Meanwhile, LCC's current price of $0.012416841 is under than its average price of $0.018280743 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Litecoin Cash suggest that traders are currently bearish on the coin. Litecoin Cash's market cap of $9,265,841.87 is relatively average for a coin. The market valuation for Litecoin Cash is relatively average due to the largest 100 cryptos having a market cap above $1 billion and LCC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, LCC's average volume is average with $206,821.33 worth of the coin traded over an average 24 hour period. The volume for LCC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, LCC's volume is below its usual with $2,306.88 exchanged. Litecoin Cash'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

LCC'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 Litecoin Cash (LCC).