Litecoin Price on July 2, 2024
| LTC Crypto | USD 101.73 3.09 2.95% |
If you're considering investing in Litecoin Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Litecoin stands at 101.73, as last reported on the 29th of November, with the highest price reaching 105.11 and the lowest price hitting 101.65 during the day. Litecoin appears to be very risky, given 3 months investment horizon. Litecoin has Sharpe Ratio of 0.17, which conveys that digital coin had a 0.17% return per unit of risk over the last 3 months. By analyzing Litecoin's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please exercise Litecoin's Mean Deviation of 2.88, risk adjusted performance of 0.1348, and Downside Deviation of 3.88 to check out if our risk estimates are consistent with your expectations.
Litecoin Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Litecoin |
Sharpe Ratio = 0.1712
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.16 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Litecoin is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Litecoin by adding it to a well-diversified portfolio.
Litecoin Valuation on July 2, 2024
It is possible to determine the worth of Litecoin on a given historical date. On July 2, 2024 Litecoin was worth 75.92 at the beginning of the trading date compared to the closed value of 72.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Litecoin crypto coin. Still, in general, we apply an absolute valuation method to find Litecoin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Litecoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Litecoin's related companies.
| Open | High | Low | Close | Volume | |
| 74.31 | 76.09 | 74.20 | 75.92 | 13,835,686 | |
07/02/2024 | 75.92 | 76.13 | 71.72 | 72.07 | 20,196,456 |
| 72.07 | 72.35 | 65.03 | 65.40 | 26,962,308 |
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Litecoin Trading Date Momentum on July 2, 2024
| On July 03 2024 Litecoin was traded for 65.40 at the closing time. The maximum traded price for the trading interval was 72.35 and the lowest daily price was 65.03 . The daily volume was recorded at 27 M. The volume of trading on 3rd of July 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 9.25% . The trading delta at closing time to the closing price today is 3.86% . |
About Litecoin Crypto Coin history
Litecoin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Litecoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Litecoin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
Litecoin Crypto Coin Technical Analysis
Litecoin technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
Price Boundaries
Litecoin Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Litecoin November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Litecoin crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Litecoin shares will generate the highest return on investment.
Litecoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Litecoin's price direction in advance. Along with the technical and fundamental analysis of Litecoin Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Litecoin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 0.6872 | |||
| Total Risk Alpha | 0.0502 | |||
| Sortino Ratio | 0.1426 | |||
| Treynor Ratio | (4.08) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Litecoin. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.