LTO USDT LTO Network Technical Analysis

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By Frans van Elst

LTO Network logo In this LTO Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for LTO-USDT. LTO Network is a decentralized blockchain platform that enables secure and efficient data transfer and storage. It utilizes advanced cryptographic techniques to ensure the integrity and confidentiality of data, making it an attractive solution for industries with high data security requirements. Additionally, LTO Network’s novel consensus algorithm allows for faster transaction processing times compared to other blockchain networks, making it a promising platform for real-world use cases.

LTO Network Price Overview:

As of May 14, 2024, LTO Network is trading at approximately 0.168 USDT. Let’s dive into the detailed price action for LTO-USDT:

Navigate LTO Network’s (LTOUSDT) potential downturns at 1.68e-01 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.1723
High (H) 0.1782
Low (L) 0.1653
Close (C) 0.168
Volume (C) 3,958,394.00
  • Open (O): The opening price for today’s trading session was approximately 0.1723 USDT.
  • High (H): LTO Network reached a daily high of around 0.1782 USDT.
  • Low (L): The daily low for LTO-USDT was approximately 0.1653 USDT.
  • Close (C): At the time of analysis, LTO Network is trading near its daily close of 0.168 USDT.
Metric Value
1D Change (%) -2.44%
3D Change (%) -4.55%
7D Change (%) -11.30%
30D Change (%) -22.37%
90D Change (%) 92.22%
YTD Change (%) 100.00%

Over the past three days, LTOUSDT has fallen by approximately -4.55%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -11.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LTOUSDT maintaining a downward trend of approximately -22.37%, despite intermittent fluctuations. Examining the last 90 days, LTOUSDT has witnessed substantial rise of approximately 92.22%, reflecting strong long-term confidence. Year-to-date, LTOUSDT has steadily appreciated by around 100.00%, 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-USDT 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 0.57515.
  • Momentum score is -0.20152.

LTO USDT Technical Analysis

LTO Network Trading Volume:

The trading volume for LTO Network (LTO) over the past 24 hours has been insignificant, with approximately 3,958,394.00 USDT 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-USDT is currently in the neutral zone, around 46.46986. This suggests that LTO Network is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

LTO Network (LTO-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate LTO Network’s (LTOUSDT) potential downturns at 1.68e-01 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Explore more with our thorough insights on LTO BTC LTO Network Technical Analysis — an essential read if you enjoyed the content of this post.

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.

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