January 3 - January 9 market watch: Lightstreams Photon goes up by 11% as buying pressure persists.

The analysis of last week’s price action shows that the Lightstreams Photon market is in the bullish phase since the price has been moving upward. The price swings of PHT pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

Lightstreams Photon has been moving reservedly on the backdrop of average volatility. We established that PHT didn't showcase any significant price action due to the market's mild average volatility of 5%. The coin was the most volatile on January 3, when the range of its price fluctuations reached 5.44%. 0.17% was the rock bottom for the asset's volatility that was reached on January 7. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

On January 3, the first trading session of the reviewed time period, the market participants saw PHT moving down by 1%. On January 4, the price of the coin has shifted by 5% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on January 5, with the Lightstreams Photon market remaining flat. Over the next trading period (on January 6), PHT was moving up by 1% on the back of a congruous trading volume. The developments on the Lightstreams Photon market on January 7 started with the price opening at $0.008 and subsequently moving to $0.008, the close of the day, while dropping to the 24H low at $0.0082 and spiking to the 24H high at $0.0082. No changes were observed on the crypto coin's market on January 8. Most trading activity on January 9 occurred in the space between $0.008 and $0.009; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0082, though the bulls had also staged the rally to the 24H high at $0.0087. The highest point of the price action over the week was at $0.009 - the weekly low during the same period was established at $0.008. The difference between the lowest and the highest price points for the week was 11%, as the price moved in the $0.0008 wide corridor.

The trading activity on the Lightstreams Photon market over the past week - January 3 to January 9 - generated the average trading volume that went from $47.12 to $15.17. In order to have a better grasp of the PHT market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $40.97 to $93.92. The 25% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 11%.

Bitcoin began the observed period January 3 - January 9, with the market capitalization of $382 005 and finalized it at the market capitalization level of $403 447. When translated to percentage rate, the market capitalization of PHT over the past week adjusted by 6%. When compared to the price fluctuations during the observed period of time, the 6% market capitalization movement was accompanied by a 11% change in the price of the coin. A more precise analysis of the Lightstreams Photon market also requires a comparison with the change in market capitalization from the week before, which amounted to 5% on the back of the move from $357 422 to $375 677.

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Article date: January 9 | January 3 - 9

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