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Author: Admin | 2025-04-27
And selling LITECOIN LTC on our exchange review pageA rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.LTC ATR | Credit: Peter Henn/TradingView On Jan. 6, Litecoin’s ATR was 7.91, implying relatively low volatility.Litecoin Relative Strength Index (RSI): Is LTC Overbought or Oversold?The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and 30 show overbought and oversold conditions, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.LTC RSI | Credit: Peter Henn/TradingView On Jan. 6, the Litecoin RSI was at 55, a sign of a somewhat bullish trend.CCN Strength IndexThe CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.25 to 35: The price tends to move within stable bounds with minimal volatility.36 to 49: Assets begin a stable uptrend but without strong surges.50 to 59: Consistent growth with moderate price advances, building momentum.60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.On Jan. 6, Litecoin scored 38.6 on the CCN Index, suggesting average momentum.LTC CCN Index |
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