The following cryptocurrencies (Litecoin & Ripple) are reaching higher-than-usual volumes.
What is happening with the market now? Crypto markets are up — Bitcoin up 0.35%, trading at $16,700.
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 up today, some cryptocurrencies have high volumes. Take a look.
LTC has managed to gain 6.07% so far this year despite trading at lows around $43.3 previously. The sentiment that generated $4.64 in cumulative gains over the past 6 days was further evident for LTC.
XRP has gained 1.25% since its lowest print of $0.307 earlier this year. Pointing downwards for around a month. XRP has been losing ground for 7 days
— Average trading volume refers to a 21-day rolling average.