Litecoin LTC ranked fourth among projects that showed excellent health in 2022. The SLD period is mainly based on the museum.
Despite the negative market conditions throughout 2022, Litecoin [LTC] may enter the top chart of the Galaxy Score, LunarCrush revealed. The Galaxy Score is a rating established by a social intelligence platform that evaluates the health and performance of operations. According to LunarCrush, Litecoin ranked fourth among existing crypto projects. This shows that LTC has a good relationship with the social data and the moving process.
The best still has some flaws
Unlike the records of many cryptocurrencies, LTC recorded a “interest” decrease of 59.36% in the last 365 days. It is interesting because many other services have lost their asset value more than Litecoin. However, in the last seven days, the performance of LTC has increased by 2.71%, according to CoinMarketCap.
Instead, the four-hour LTC/USD chart shows that Litecoin’s strength is not at its peak. As of December 24, the Awesome Oscillator (AO) showed that LTC is running high.
In AO and 0.5, but in reds, this means that LTC has the right face. But there is a possibility of not being able to support the price reversal from its fall in the last 24 hours.
As part of the chart, the Moving Average Convergence Divergence (MACD) is fighting for buying. In fact, the blue and orange lines reveal the difference between the moving average (EMA) of 12 and 12 close to the zero histogram.
Also, they are almost in the same place. This means that it can be adapted to one of the other parts.
Onchains, LTC is a threat
Meanwhile, according to its chain status, Glassnode’s data shows Puell Multiple to be 0.77. The Puell Multiple compares the coin’s daily yield to a 365-day moving average. The current value reflects the average Puell Multiple. Therefore, this means that the profit of miners is between low and high profit.
In the profit and loss section of its network, Santiment showed a Litecoin network value of -11,300. This metric provides insight into the impact of marketing on network value.
Since it is still bad, this means that the capital outflow is leaving the Litecoin network. However, the same negativity gives the opportunity of turning upside down and profit.
Also, Litecoin’s social power has recovered after falling 0.271%. As this shows an increase at the time of publication, it means that there is a certain level of hype per discussion in the crypto community on social media.