Lightning Protocol analysis January 27 - February 2 : bears in all-out attack as the price collapses by 13%.

Lightning Protocol has been last week as its price has been predominantly falling. LIGHT has been going through a period of medium volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

The unfolding situation in the Lightning Protocol market suggests that the reviewed digital asset is in the stage of mild volatility. Given that the average volatility on the LIGHT market didn't exceed 8%, the price action remained limited. The coin was the most volatile on January 27, when the range of its price fluctuations reached 8.24%. On January 31, the volatility of the asset was at its minimum at 0.45%. The crypto coin's market didn't put up any surprises due to mild average volatility of 8%.

There were no gains or losses to the LIGHT market on January 27, it remained flat. The 1% move in the downward direction took place on the second day after the weekly open. During the following trading period on January 29, the price of Lightning Protocol oscillated between the low at $0.025 and the high at $0.026, while the price moved up by 3%. Over the next trading period (on January 30), LIGHT was moving down by 7% on the back of a congruous trading volume. On January 31, Lightning Protocol finished the trading day with no changes to the flatlined market. The trading period on February 1 saw the crypto coin forming the price amplitude between the open at $0.02 and the close at $0.02, also interacting with $0.022 (24H low) and $0.022 (24H high). The coin's market saw no changes on February 2, as the market flatlined. The asset posted the weekly low at $0.021, while the top of the weekly trading session was registered at $0.026. Traders saw Lightning Protocol covering the $0.003 distance between the weekly low and the weekly high, which constituted for a 13% move.

Over the period of the last 7 days, January 27 to February 2, Lightning Protocol saw its average trading volume fluctuate between $850 and $9 618. We can draw the comparison with the period of 7 days that preceded the reviewed one when LIGHT ’s trading volume varied from $49.26 to $7 873. The 109% trading volume fluctuation between January 27 and February 2, as compared with the previous period, served as a basis for a 13% price move.

LIGHT experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Lightning Protocol market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: February 2 | January 27 - February 2

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