The market crumbled last week (September 2 - September 8) as Leeds United Fan Token lost 12%.
The downward movement of the Leeds United Fan Token price last week indicates the chosen market is. LUFC was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of decreased trading volume.
Leeds United Fan Token is experiencing low volatility, as confirmed by our comprehensive analysis. The average volatility of LUFC was as low as 0.65%, causing the dull price action. In the period between September 2 and September 8, the volatility of the coin peaked at 0.65%. On September 7, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.65%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The price of LUFC took a 2% up upswing at the open of the weekly trading period. On September 3, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. On September 4, the market was moving to the downside as Leeds United Fan Token went 5% down from the low at $1.52 to the high at $1.66. The next trading session was characterized by more price action (as LUFC made a 3% move) on the back of the consistent trading volume. After the open at $1.56, Leeds United Fan Token moved during September 6 in the range between the said open and the close at $1.5, having posted the 24H low at $1.5 and the 24H high at $1.62. On September 7, the crypto coin showcased the following price fluctuations: the trading session began at $1.48 and then traveled from the low of the day at $1.42 to the high of the day at $1.48, closing at $1.47. As for the occurrences on September 8, the price of the coin bottomed at $1.42 and peaked at $1.54, while its daily range formed between $1.48 and $1.43. $1.42 was the bottom of price action for the week, though the price went to the high extreme at $1.72 over the same time period. As a result of price action within the designated time period, the price movement range on the Leeds United Fan Token market was established at $0.2 or 12% between the weekly low and the weekly high.
Leeds United Fan Token ’s average trading volume on the opening day of the observed time period, September 2, stood at $283 979, while on the closing day of the same period, it moved to $214 114. During the week before September 2, the trading volume of LUFC flowed from $215 681 to $259 154. The 1% trading volume fluctuation between September 2 and September 8, as compared with the previous period, served as a basis for a 12% price move.
Bitcoin began the observed period September 2 - September 8, with the market capitalization of $1 579 537 and finalized it at the market capitalization level of $1 490 808. The percentage change in the total market capitalization of LUFC amounted to 6%. The 6% change in the coin's market capitalization affected the price rate that saw a 12% shift in the same time period. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $1 741 386 on August 26 and $1 612 399 on September 1, which translates to a 7% change.