Is Litecoin (LTC) Lower Or Higher On Friday?

Litecoin receives a strong long-term technical score of 94 InvestorsObserver Analysis. Our proprietary grading system considers trading patterns over the last few months to a year, analyzing the coin’s consistency and volatility and where it compares to long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. Currently, LTC holds a superior long-term technical analysis value than 94% of cryptocurrencies. Long-term investors employing a buy-and-hold strategy will find long-term rank particularly relevant to their asset allocation, and may find additional value in finding cryptos with a high short-term technical score to discover coins that do the have bottomed out.

Long term technical - 94
InvestorsObserver gives Litecoin a long-term technical rank of 94. Find out what that means for you and get the rest of the leaderboard on Litecoin!

Trade Analysis

LTC’s current trading price of $62.58 billion is $6.0500000 (10.71%) above the coin’s 100-day moving average of $56.53 billion. LTC, meanwhile, is $21.9 billion (126.80%) above its 52-week low of $40.68 billion and -$169.48 billion (22.66%) below its 52-week high of $232.06 billion . Litecoin’s current price relative to the coin’s long-term average and 52-week high and low gives the crypto a strong long-term technical score of 94. LTC’s price action and range suggest that investors in the coin are currently are neutral towards . Litecoin has a market cap of $4,483,536,315.96 and a relatively high average daily volume with $37,853,708,628.64 worth of the currency traded over a typical 24-hour period. In the past 24 hours, LTC’s volume was below its seven-day moving average at 763,698,796.63 units exchanged. This coin’s subclass Digital Money: Digital money is an asset, commodity or currency designed to maintain value and liquidity over time so that it can be used in the same way as fiat currencies are used.

summary

Litecoin’s technical analysis over the past year has resulted in the crypto earning a strong long-term technical score of 94, as price action over this period has given traders reason to be long-term neutral on the coin. For the full Litecoin (LTC) report, click here.

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