In this LTO Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for LTO-BTC. LTO Network is a decentralized blockchain platform that enables secure and efficient data transfer and storage solutions for various industries. It utilizes advanced cryptographic techniques and a novel consensus algorithm to ensure the integrity and confidentiality of data, making it an attractive option for businesses looking to enhance their data management capabilities. Additionally, LTO Network’s unique multi-chain architecture allows for interoperability with other blockchains, further expanding its potential use cases.
LTO Network Price Overview:
As of May 01, 2024, LTO Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for LTO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 284,409.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): LTO Network reached a daily high of around 0.0 BTC.
- Low (L): The daily low for LTO-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, LTO Network is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 7.43% |
| 3D Change (%) | 1.76% |
| 7D Change (%) | -4.30% |
| 30D Change (%) | -23.95% |
| 90D Change (%) | 57.92% |
| YTD Change (%) | 45.96% |
Over the past three days, LTOBTC has risen by approximately 1.76%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LTOBTC maintaining a downward trend of approximately -23.95%, despite intermittent fluctuations. Examining the last 90 days, LTOBTC has witnessed substantial rise of approximately 57.92%, reflecting strong long-term confidence. Year-to-date, LTOBTC has steadily appreciated by around 45.96%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
LTO Network Live Chart:
You can access a live price chart for LTO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.5972.
- Momentum score is -0.19048.
LTO BTC Technical Analysis
LTO Network Trading Volume:
The trading volume for LTO Network (LTO) over the past 24 hours has been insignificant, with approximately 284,409.00 BTC traded against LTO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): LTO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): LTO Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LTO-BTC is currently in the neutral zone, around 50.18665. This suggests that LTO Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
LTO Network (LTO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore LTO Network’s (LTOBTC) potential challenges at 2.89e-06 BTC as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Don’t skip our thorough exploration of LTO USDT LTO Network Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.