LuaSwap market outlook from November 17 - November 23 :the price surges by 19%.

The upward movement of the LuaSwap price last week indicates the chosen market is. The volatility of LUA has been high throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin last week took place on the back of increased trading volume.

We have established that the average volatility of LuaSwap was at 120.35% in concert with its rapid price change. November 17 was the day when the asset was the most volatile, with the volatility going as high as 120.35%. The coin's market was the least volatile on November 23 when this particular metric didn’t exceed 0.09%. 120.35% is too high a volatility for the LUA market to be considered stable and easily predictable.

The opening price of LuaSwap was at $0.009 on November 17, with having a more visible presence on the market. The price of LUA took a 8% down downswing at the open of the weekly trading period. On November 18, the price of the coin has shifted by 3% from the daily open on the back of a good trading volume. The price range of LuaSwap formed between $0.008 and $0.01 on November 19 as the price traveled 23% down. On November 20, the value of LUA was in the range, with the market remaining flat. The price oscillation of LuaSwap on November 21 was in the $0.008 - $0.02 range; at the same time, the price stretched out to reach the 24H low at $0.008 and the 24H high at $0.02. The activity on the crypto coin's market on November 22 resulted in the asset being traded between $0.02, the open of the day, and $0.02, the close of the day; at some point, the price spiked to the daily high at $0.017 and briefly dropped to the daily low at $0.017. Between the 24H high at $0.02 and the 24H low at $0.01, the coin was traded in the $0.02 - $0.01 price corridor. $0.007 was the bottom of price action for the week, though the price went to the high extreme at $0.02 over the same time period. The price action on the weekly time frame made LuaSwap within the 19% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.

The trading activity on the LuaSwap market over the past week - November 17 to November 23 - generated the average trading volume that went from $2 670 to $78 469. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the LUA market had its volume ranging between $142 and $246 984. Percentage-wise, the trading volume of the asset changed by 25%, in comparison to the previous period, while its price experienced a 19% adjustment.

The past week saw the market capitalization of LuaSwap making a shift from $1 783 312 on November 17 to $3 129 020 on November 23, the peak for the analyzed period. The percentage change in the total market capitalization of LUA amounted to 75%. The 75% change in the coin's market capitalization affected the price rate that saw a 19% shift in the same time period. A better understanding of the lay of the land on the LuaSwap market requires a comparison with the preceding week when the total market capitalization of LuaSwap changed by 62% as it went from $3 951 977 to $1 783 312.

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Article date: November 23 | November 17 - 23

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