Is Light DeFi (LIGHT) Heading the Wrong Direction Saturday? – InvestorsObserver

Is Light DeFi (LIGHT) Heading the Wrong Direction Saturday? – InvestorsObserver

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Saturday, April 09, 2022 02:52 PM | InvestorsObserver Analysts

Is Light DeFi (LIGHT) Heading the Wrong Direction Saturday?

Light DeFi receives a strong short-term technical score of 87 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. LIGHT holds a better recent technical analysis than 87% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 87

InvestorsObserver is giving Light DeFi a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Light DeFi!

Trading Analysis

Light DeFi is $0.000048 (17.67%) higher than its 30-day low price of $0.000271498 while also -$0.000065 (-16.88%) lower than its high of $0.00038435 from the past month of trading. Meanwhile, LIGHT’s current price of $0.000319480 is above its average price of $0.000297579 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Light DeFi suggest that traders are currently bullish on the token. LIGHT has a low market cap compared to the majority of tokens with a total market value of $0.00. Light DeFi’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Light DeFi’s average volume is low as $19,970.42 worth of the token is typically traded over a 24 hour period. LIGHT’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours LIGHT’s volume is below its average with $3,127.90 exchanged.

Summary

LIGHT’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Light DeFi (LIGHT).

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