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Improving Sentiment in Litecoin (LTC) Still Not Enough to Support a “Buy”

May 28, 2019

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

 

  • Litecoin (LTC) average article sentiment spiked on Monday to a 30-day high just a day after the metric dipped near a 30-day low. In the meantime, LTC’s article count spiked to the highest level since May 16th.  
     
  • LTC observed elevated daily trading volumes over the weekend, although they were still shy of highs set in the middle of May.  
     
  • After hitting a 1-month low Network Value to Transaction Ratio (NVT Ratio) about a week ago, the coin’s NVT Ratio has steadily and ever so slightly recovered. Still, the coin’s network value is cheap and attractive relative to levels seen earlier in May.
     
  • The Quantamize Crpyto Trading Signals, however, rate Litecoin as a “Do Not Own”, and we suggest staying away from buying the coin for the time being.

Litecoin (LTC) Volume - Last 30 Days

Litecoin (LTC) Volume - Last 30 Days

Average Litecoin (LTC) Article Sentiment - Last 30 Days

Average Litcoin (LTC) Article Sentiment - Last 30 Days

Litecoin (LTC) Article Count - Last 30 Days

Litecoin (LTC) Article Count - Last 30 Days

 

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall Litecoin (LTC) Social Sentiment - Last 30 Days

Overall Litecoin (LTC) Social Sentiment - Last 30 Days

Litecoin (LTC) Google Trends - Last 30 Days

Litecoin (LTC) Google Trends - Last 30 Days

Litecoin (LTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

Litecoin (LTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

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Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE