Analysis of LITECOIN Price

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(Edited)

Fundamental analysis presents the price features of LITECOIN in the last two months of 2022. It analyzes the price performance of LITECOIN during the bearish period.

In this article LITECOIN will be used interchangeably with its mnemonic (LTC). One thing I have noticed about analysis of some asset I personally carried out is a change in price due to the general bear market this happened in HIVE and BITCOIN analysis.

Date by price analysis (Line graph)

Below is a line graph showing the date and price of LTC in November and December, 2022.

line graph.JPG

A noticeable feature is rugedity of its price, in those two months the price of LITECOIN had a fall and a rise altogether despite in this bearish season. It is visible that in the month of November, 2022, there was a drop in price of LTC below $60 in the second week but a recovery occurred in the month of December, 2022.

ltc.JPG

In the month of December, 2022, there was also a rise of LTC price to recover from the loss during the first week of December and currently the price is still on point to the usual.

Maximum and minimum price of LITECOIN

The table below presents the maximum and minimum price of LTC throughout the duration of November – December, 2022.

maxmin.JPG

The maximum price of LTC for that period was $83.12 and $53.60 for minimum.
The lowest price occurred in the month of November second week but for December; the price has not been below $60 but still aims at $70.

More of price analysis can also be measured with a boxplot diagram.

Boxplot of LITECOIN price

Below is a boxplot showing the price of LITECOIN price.

boxplot.JPG

In previous analysis there exhibits instance of outliers or extreme high or low price of an asset but the case of LITECOIN doesn’t follow such pattern indicating it’s the normal and standard price. Extreme values for price are indicated to identify cases of significant change in price of an asset, but the case of LTC doesn’t show any significant change and all price are been regarded as normal.

In addition, the indication of extreme prices on boxplot shows probably the asset maybe going through bearish or bullish season but despite we are in the bearish period the price of LITECOIN still maintains a regular pattern without a significant change, Kudos to its investors.

Conclusion

In this article, there was an analysis of LITECOIN price for the month of November and December, 2022, it was discovered that despite in the bearish period which affected most asset, LITECOIN still remains unaffected and had its lowest price in November, 2022 but for December, the price has been soaring back to $70. There was no significant change in the price of LTC during the period as boxplot diagram shows no extreme value despite the period. We can conclude that LTC survived the bearish period. However other assets from my analysis which were affected in the bear market include Bitcoin, Hive, BNB e.t.c

Posted Using LeoFinance Beta



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18 comments
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This is an interesting article, so allow me to drop my comment here.

You say:

Fundamental analysis presents the price features of LITECOIN in the last two months of 2022.

Let me quote you what Fundamental Analysis is:

Fundamental Analysis studies all those factors which have an impact on the stock price of the company in future, such as financial statement, management process, industry, etc. It analyzes the intrinsic value of the firm to identify whether the stock is under-priced or over-priced. source

What you present here is anything but fundamental analysis. In simple words, it has nothing to do with it.

In this article, there was an analysis of LITECOIN price for the month of November and December, 2022

I'm sorry to disappoint you but I see no analysis here. All you did was read the chart and note down what was the price of the asset at different dates. That is not analyses, that's stating the obvious.

it was discovered that despite in the bearish period which affected most asset, LITECOIN still remains unaffected

This is also nonsense if you want me to be precise. Nothing was discovered and LTC is affected.

There was no significant change in the price of LTC during the period as boxplot diagram shows no extreme value despite the period.

image.png
[LTC 1D chart on Tradingview]

If you think there was no significant change in price in these two months, then I guess we're not talking about the same asset. Look at the chart. I market the beginning of November with a yellow arrow.

I hope you're having fun with this analyses though as not many are interested in reading it, which is not a surprise to be honest.

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(Edited)

Sorry about this stuff, I think we humans ain't perfect but can build each to perfection. Find a place to forgive and I love you

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Why bring race into this as racism has no place on here. Fight your battles without using the race card as this is just a cop out and pathetic on your part.

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I don't have any battle to fight with him, If you say on my part then I will listen to you and make title correction I am always a good listener bro.

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Obviously not as you bring the race card up in the very next comment. We all know the ones who highlight race every 5 minutes are the racists as this was never even part of the conversation.

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I will like you to learn something so you don't get crushed by a moving truck @erikah.

Threatening people won't get you anywhere.

I remain forever grateful to forexbrokr who once corrected me on how my post format should be.

I don't have any problem with how to format your post, I was referring to the content of your post.

then after that I will also suggest you to stay off my articles of you don't find them interesting to you.

That's not how things work here. This is web3, Hive is a decentralized platform, I don't need your permission to comment.

You are a racist brah!

I'm not your brah, never will be and I'm definitely not a racist.

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@erikah I discovered something ever since I treated you wrongly, you were kind and never downvoted me. I appreciate and at this time will delete all my blackmail against you. I like us to be friends

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The beauty of the blockchain is that you can't delete anything, so I'm going to post the screenshot of the original comment, just for the record.

image.png

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(Edited)

I only deleted it because I was sorry about it. Like I said I over reacted that why I deleted to show I am sorry. But I've pleaded for forgiveness because I am not as such. I will learn to control my temper next time.

I was getting through an emotional downtime with someone and now transferred the aggression. That's just what happened.

if I were to be rude, I wouldn't see the need to apologize to you. But as I am off my downtime, I felt sorry about it, if you check through each comments on mine goes with an appeal because I don't see the need of making such statement it was in over reaction.

Sorry about that.

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(Edited)

If it's same price of ltc you are talking about then I don't see any significant difference because when there was a fall in price of ltc from your candlestick there was also a green to compensate.

Secondly don't use a candlestick to compare with linegraph, it's like arguing senselessly they all have their meaning attached. get your corrections off.

Comparing candlestick with line graph although both are same as they indicate price from an analyst point of view. I don't even know what you are trying to present but it's a clear indication of racist because I don't know what's your argument.

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Secondly don't use a candlestick to compare with linegraph, it's like arguing senselessly they all have their meaning attached.

LTC1.jpg

I switched the candlestick chart to line chart as it seems like you think I was comparing candles sticks to line. I wasn't. So here it is, using the line chart, to show you, there were many significant changes during the period you mentioned.

If you look at the chart, you can see there was a 26% rise, which can mean your asset USD value worth more with 26% if you bought the November 1 bottom. Then there was a 28% drop, which means your assets dollar value can drop significantly, if you bought on the 5th of November. Then there was an 58% rise, between the 9th of November and 5th of December. That is significant and it's not all as the ride continued. All these changes could mean permanent or impermanent loss, depending on your position and strategy.

I don't even know what you are trying to present but it's a clear indication of racist because I don't know what's your argument.

Calling me a racist because you don't understand what I mean not only reflects poorly on you but also indicates that you don't know what the word racist means.

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Good let peace be, I went through my Analysis again and everything is very okay. You may not understand that as I don't see the need you jumping into the case but I am grateful, the only correction there is on title. My data is correct, your problem is from the chart reading I am using SPSS to present it and SPSs doesn't arrange date per price in a sorted manner. Yours is arranged in sorted manner that why. That's where the confusion came , but everything is right and data was gotten from coin gecko.
Thanks for the title correction, I love you @erikah, sorry for calling you a racist I over reacted because of the way you have been too me as regards an issue I had. I love peace so thanks for correcting me, we all grow to perfection. Happy 2023!

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You're a disrespectful, arrogant person, who thinks threatening people and calling them names will give you some advantage or make you superior. You still can't see that not every analysis tool can be applied in every area of finance and what you did here is senseless as those ups and downs on the chart is the way of making or losing money and those changes can't be disregarded.

Maybe if you make and effort and try to understand what people mean, you can change something and make some progress. But with this attitude, that is highly unlikely to happen.

No one can save you from yourself, so keep walking the same path and expecting a different outcome. Good luck!

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(Edited)

Okay boss, I didn't threaten you. I am sorry for disrespecting you sweet heart, I will like to learn something from you and it can't happen if you don't find away to forgive or I don't accept correction which is what I am doing. You keep blames on me but I told you I over reacted, but you haven't you been angry before? Sorry for everything done okay. Seems you talking something baby, I hate annoying people I don't know because I don't know where I will meet them. @erikah, I am sorry.

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Your arrogant, mysogynist and condescending attitude have no place on Hive.

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Okay, how you do want me to solve arrogance? I have been pleading and it seems no one listen to me

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Your arrogance your problem solve it yourself. You should have considered it before opening your mouth

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(Edited)

Okay I have solve it. I appeal to all I hurted throughout the process. @erikah I am sorry @livinguktaiwan I am sorry. This won't repeat again. I love you all

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