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 data storage and management platform that leverages blockchain technology to provide secure, scalable, and interoperable solutions for various industries. The LTO token serves as the native cryptocurrency of the network, enabling users to access and manage their data in a secure and efficient manner. With its innovative features and applications, LTO Network has the potential to revolutionize the way data is stored and managed across different sectors.
LTO Network Price Overview:
As of October 02, 2023, LTO Network is trading at approximately 0.0587 USDT. Let’s dive into the detailed price action for LTO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0593 |
| High (H) | 0.0595 |
| Low (L) | 0.0577 |
| Close (C) | 0.0587 |
| Volume (C) | 4,792,254.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0593 USDT.
- High (H): LTO Network reached a daily high of around 0.0595 USDT.
- Low (L): The daily low for LTO-USDT was approximately 0.0577 USDT.
- Close (C): At the time of analysis, LTO Network is trading near its daily close of 0.0587 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.01% |
| 3D Change (%) | 2.26% |
| 7D Change (%) | 0.69% |
| 30D Change (%) | 6.53% |
| 90D Change (%) | -13.04% |
| YTD Change (%) | -10.38% |
Over the past three days, LTOUSDT has risen by approximately 2.26%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LTOUSDT maintaining an upward trend of approximately 6.53%, despite intermittent fluctuations. Examining the last 90 days, LTOUSDT has witnessed substantial decrease of approximately -13.04%, reflecting strong long-term confidence. Year-to-date, LTOUSDT has steadily decreased by around -10.38%, 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 0.4836.
- Momentum score is 0.06534.
LTO USDT Technical Analysis
LTO Network Trading Volume:
The trading volume for LTO Network (LTO) over the past 24 hours has been significant, with approximately 4,792,254.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): LTO Network is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LTO-USDT is currently in the neutral zone, around 50.06211. 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 bullish 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 significant trading volume are neutral signals for potential sideways movement.
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.
