Home
News
- 1 LTX token price shows bearish cues and has slipped to the 200-Day EMA mark.
- 2 Sellers are showing their dominance and are attempting to push the token toward $0.1000.
The LTX token price signifies roller coaster moves and is hovering near to its crucial support zone of $0.1300, close to the 200-Day EMA region. For the past weeks, the token was delivering the fluctuations and
At press time, LTX price was trading at $0.1346 with an intraday gain of 3.67%, reflecting neutrality on the charts. It has a monthly return ratio of 12.90% and 24.89% on a yearly basis. The pair of LTX/BTC is at 0.00000326 BTC, and the market cap is $6.26 Million. Analysts are neutral and suggest the LTX token may face further range-bound moves and will retest the $0.1000 mark.
LTX Price To Volume Profile Shows Bearish Cues
The above chart shows the price to volume profile of the Lattice token, which showcased bearish cues. The price action indicates the lower low swings with a decline in trading volume. Moreover, the technicals are revealing a negative sign and suggest a correction in the upcoming sessions. The intraday trading volume dropped over 86% to $11.17 Million.
The relative strength index (RSI) curve slipped below the midline and is showing a negative divergence on the charts. Similarly, the MACD indicator shows a bearish crossover and suggests a possible correction ahead.
Price Volatility and Sentiment Analysis
Per the Santiment data, the token has revealed a sharp up move in the volatility data. The sudden spike and unusual price fluctuations indicates the sellers willingness to drag the token toward its demand zone of $0.1000 mark. However, the weighted sentiment remained neutral and is below the midline.
Social Dominance and Twitter Followers Outlook
The Social dominance data did not replicate adequate movement and remained average around the mark of 0.003%, whereas the X followers data also showcased a steady move and is noted at 35. However, the total number of holders of the LTX token is noted at 13.8k.
Circulation Data and Transaction Count Data Overview
The chart shows that the circulation data has noted a decline and slipped to the mark of 167k, whereas the active addresses witnessed a drop over 25% and is around 60 this week. However, the transaction count of the LTX remained average and is noted around 6.
Per the Fib levels, the token has dropped below the 38.2% support zone and is hovering around the 23.6% zone signifying the selling pressure in the past weeks.
The total supply of the LTX token is 100 million and the volume to market cap ratio is 1.76.
Summary
The Lattice token (LTX) price has revealed volatile moves and is signifying the underperformance on the charts. Moreover, the price action showcased the indecisiveness between the bulls and bears, and the token is hovering around the 200-Day EMA mark.
Technical Levels
Support Levels: $0.1200 and $0.1000
Resistance Levels: $0.1500 and $0.1600
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
