InvestorsObserver gives Litecoin a strong long-term technical score of 83 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’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.
LTC at this time has a superior long-term technical analysis score than 83% 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 coins that have bottomed out.
Trading Analysis
LTC is currently -$2.6300000 (-4.70%) below its 100-day moving average price of $56.050000000 with its current price of $53.420000000. Meanwhile, Litecoin is $12.7400000 (104.27%) above its 52-week low price of $40.680000000 and -$241.14000000 (14.74%) below its 52-week high of $294.560000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 83. Trends for the long-term trading history of Litecoin suggest that traders are currently neutral on the coin.
Litecoin currently has a total market cap of $3,803,353,215.61 to go along with its average daily volume of $4,204,452,855.58 worth of the currency over the past seven days. LTC’s volume is below its seven day average as of the past 24 hours, with 423,609,984.64 exchanged in that period.
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 strong long-term technical score of 83 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
