Litecoin receives a weak long-term technical score of 30 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, LTC holds a superior long-term technical analysis score than 30% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
LTC is currently -$30.3000000 (-16.24%) below its 100-day moving average price of $186.560000000 with its current price of $156.260000000. Meanwhile, Litecoin is $59.9900000 (150.89%) above its 52-week low price of $96.270000000 and -$256.70000000 (35.42%) below its 52-week high of $412.960000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 30. Trends for the long-term trading history of Litecoin suggest that traders are currently bearish on the coin.
Litecoin has a market capitalization of $10,821,501,145.60 and a relatively high average daily volume with $6,071,070,698.24 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LTC’s volume is below its seven day average with 1,189,264,322.16 exchanged.
This coin’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
Technical analysis of Litecoin over the past year results in the crypto receiving a a weak long-term technical score of 30 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.