Litecoin(ltc)market reviews and price predictions
Litecoin market statement for 2022-10-06
Yesterday the price of ltc stood at $54.02. The market capitalization of the asset was $3 892 494 552. Litecoin’s volatility was established at 1.33%. The trading volume of the coin reached $239 566 961.
Litecoin prognosis for the next days:
We estimate the price of Litecoin to be $52.18 tomorrow 2022-10-08 and $53.75 on 2022-10-14;
We estimate the market capitalization of Litecoin to reach $3 795 364 782 tomorrow 2022-10-08 and $3 833 148 075 on 2022-10-10;
We estimate the volatility of Litecoin to become 1.75% tomorrow 2022-10-08 and 1.45% on 2022-10-10;
We estimate the trading volume of Litecoin to amount to $254 421 201 tomorrow 2022-10-08 and $245 123 150 on 2022-10-10.
Our recommendation for the pair LTC/USD for tomorrow, 2022-10-08, to sell.
Litecoin market stayed flat from September 30 - October 6.
Litecoin portrayed neutral behavior last week, with no changes in the price. LTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
September 29 - October 5 price action recap: Litecoin sees a weak 3% gain as the buyers take a step back.
Between September 29 - October 5, Litecoin has been mostly as its price has been in the rising mode. LTC was caught in a period of low volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
Litecoin slid down by 2% last week (September 24 - September 30) as the sellers pushed back.
The analysis of last week’s price action shows that the Litecoin market is in the phase since the price has been moving downward. The volatility associated with the LTC market was low, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Litecoin market stayed flat from September 23 - September 29.
Litecoin portrayed neutral behavior last week, with no changes in the price. LTC was caught in a period of low volatility, which was reflected in its price action. 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.
Restrained price action on September 22 to September 28 as Litecoin moves up by only 1%.
The price of Litecoin was rising last from September 22 until September 28, giving enough reason to conclude that the market is bearish. LTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Last week’s (September 20 - September 26) irresolute Litecoin : the price moved up no more than 2%.
Litecoin has been last week as its price has been predominantly rising. The price swings of LTC pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Litecoin lost 9% in the period September 17 - September 23 as a result of selling pressure.
The bearish behavior of Litecoin last week was characterized by the occurrence of downswings. LTC has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
Litecoin retraces by 4% in the period September 16 - September 22 as the market turns slightly bearish.
The downward movement of the Litecoin price last week indicates the chosen market is bearish. LTC was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Litecoin slid down by 4% last week (September 16 - September 22) as the sellers pushed back.
Litecoin has been bearish last week as its price has been predominantly falling. The volatility of LTC has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The bears had a field day between September 13 and September 19 as Litecoin got knocked down by 15%.
Between September 13 - September 19, Litecoin has been mostly bearish as its price has been in the falling mode. LTC was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.