What do the Short-Term Technicals Predict for LitecoinToken (LTK) Friday?

Friday, February 04, 2022 07:42 PM | InvestorsObserver Analysts

InvestorsObserver gives LitecoinToken a weak short-term technical score of 1 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. LTK has currently traded better than 1% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving LitecoinToken a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on LitecoinToken!

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Trading Analysis

LTK is currently $0.000000 (0.00%) above its 30-day low of $0.000000030 and $0.000000 (-57.28%) below its 30-day high of $0.00000007. Additionally, LTK is under its average price of $0.000000062 over the past month of trading with its current price of $0.000000030. Overall, the recent trading history of LitecoinToken suggest that traders are currently bearish on the token. LitecoinToken's market cap of $2,813.92 is relatively low for a token. LitecoinToken'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, LTK's average volume is low with $10.60 worth of the token traded over an average 24 hour period. LTK'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, LTK's volume is below its usual with $1.66 exchanged.

Summary

LitecoinToken's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on LitecoinToken (LTK).