The following cryptocurrencies (Litecoin, Binance Coin, Bitcoin Cash) are reaching higher-than-usual volumes.
What is happening with the market now? The crypto currency markets are flat — Bitcoin is relatively flat, trades at $16,562.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly flat today, some cryptocurrencies are at high volumes. Check them out.
Litecoin stumbles $1.04 following previous session close at $78.78 Running out of gas? LTC down to $77.74 (-1.32%)
During a 3 day uptrend, Litecoin gained a total of $17.55, or 26.97%. now turning against its recent performance, LTC recovering almost all the way back to $78.78 today, after dipping down to $76.04.
Approximately 11 months ago, LTC reached a significant high of $223.25 but has struggled to hold onto its gains and declined 64.71% since then. Litecoin is currently trading with a market cap of 5.57 billion with an average daily volume of 114.32 million.
Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $294.53 to $302.64 range Bullish phase under threat as BNB stays range-bound
While Binance Coin is on a 3 day bullish trend, today's session might suggest a slow down — Binance Coin is now trading at $298.74 after tracing out a steady $294.53 – $302.64 range today.
BCH cryptocurrency trades up $1.86, approximately 1.62% higher going into tomorrow Full steam ahead for BCH as 15 days uptrend continues
BCH is on a 15 day uptrend, gaining a total of 31.08%. consistent for now — after closing the previous trading day at $114.74, Bitcoin Cash went up to $118 only to drop back; still positive overall today, now trading at $116.6.
Having set a significant high of $622.84 15 days ago, BCH is trading 29% lower. Bitcoin Cash has a market cap of 2.24 billion with an average daily volume of 15.56 million.
— Average trading volume refers to a 21-day rolling average.