What do short-term technicals predict for LuaSwap (LUA) on Thursday?

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Thursday, March 10, 2022 7:04 PM | InvestorsObservers Analysts

LuaSwap receives a solid short-term technical score of 88 from InvestorsObserver To analyse. Our proprietary rating system takes into account the token’s recent trading trends by looking at price movement to determine if it is moving in the right direction. LUA holds better recent technical analysis than 88% of the tokens at its current price. Investors who focus on short-term growth and are looking for hot and trendy coins will find the short-term ranking particularly relevant when allocating their assets.

Short term technique - 88
InvestorsObserver gives LuaSwap a short term technical rating of 88. Find out what this means for you and get the rest of the ranking on LuaSwap!

Business analysis

LuaSwap is $0.016763 (79.51%) above its 30-day low of $0.021082183 while -$0.009885 (-20.71%) is below its high on 30 days of $0.04773005. Moreover, LUA’s current price of $0.037844806 is below its 30-day moving average price of $0.038208440, which leads to a strong technical score in the near term. Overall, LuaSwap’s recent trading history suggests that investors are currently bullish on the token. LUA has a relatively average market cap for a token with a total market value of $6,164,371.55. The market valuation of LuaSwap is relatively average due to the top 100 cryptos having a market cap above $1 billion and LUA sits below that mark but still above $100 million in market cap. LuaSwap’s average volume meanwhile is average with $1,626,647.35 of the token traded over a typical 24-hour period. LUA’s volume is relatively average, as the top 100 cryptos traded have around $100 million worth of crypto traded in a 24-hour period, and much of the market trades at least $5 million a day. In the past 24 hours, LUA’s volume is below its average with $104,363.27 traded. LuaSwap-class decentralized exchange: a peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges allow users to retain control of their private keys during transactions, which is not the case on a centralized exchange.

Summary

LuaSwap’s trading over the past 30 days has given it a strong near-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click here for the full LuaSwap (LUA) report.

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