Are you curious about the future of League of Ancients? Our technical analysis brings you the latest League of Ancients price prediction for 2024 and beyond. We explore market trends and analyze sentiment to help you make informed decisions about your cryptocurrency investments.
Predicted Price = d * (1+x%)^n d = Current coin price x = Predicted growth percentage (default 10%, user can input and change this number) n = Number of years
LOA traders use a wide range of trading signals and technical indicators to predict a price's trajectory. While not all methods are necessary to accurately forecast the direction of the market, some key indicators do hold more weight. Identifying League of Ancients support and resistance levels gives traders an insight into the market's supply and demand while helping to determine reversals in trends.
In addition, chart patterns are also widely used by traders to form trend lines which help in predicting the next candlestick move.
Various indicators such as the RSI, Moving Averages and the MACD can be used to determine the direction of the long-term trend and attempt to predict the future price movement.
RSI
The RSI offers additional insight into the market’s momentum by measuring the size of League of Ancients price moves to determine whether its overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset. Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.
According to the RSI, In the 1 Week time frame, League of Ancients is currently trending with the actual RSI reading at . The 50 line could provide if the indicator returns to it.
Moving averages
Moving averages are an important analytical tool that provides traders with a bigger picture of what is happening in the charts by calculating the League of Ancients average closing price over a set period of time. The relationship between short- and long-term moving averages is crucial in determining the trend’s direction. When the short-term MA moves above the long-term one, it is a sign that the trend is gradually turning bullish.
In the weekly timeframe, League of Ancients is in a neutral trend since the 50-x MA has crossed below the 200-x MA, and the price is trading above both.
Alternatively, the trend is neutral if the 50-day MA has crossed above the 200-day one, but the price is trading below them (and vice-versa).
MACD
Finally, the MACD uses a Simple Moving Average (SMA) and an Exponential Moving Average (EMA) to more accurately predict the trend. In similar fashion to simple MAs, the relationship between these two is helpful in determining the trend’s direction.
For all these indicators, the weekly time frame is used to determine the long-term trend, the daily time frame is used for the intermediate trend, while the six-hour one is used for the short-term trend.
According to the MACD, in the 1-Week timeframe, League of Ancients is currently trending since the MACD signal line moved 50 periods ago, and the histogram has been for 50 periods.
League of Ancients currently sits at a price of $0.00252035 (LOA/USD) with a live market capitalization of 1.1M. The 24-hour trading volume is 19.9K USD which is a %0.54384 positive. With a circulating supply of 423.4M, League of Ancients's price movement is currently positive.
League of Ancients Fundamental Analysis
Fundamental analysis aims to assess the inherent value of an asset, while technical analysis involves examining statistical patterns in the price and volume of that asset. Both techniques are employed to analyze and predict potential developments in the future price of that asset.
In the case of LOA, the most straightforward way to perform fundamental analysis is to look at supply and demand dynamics. Additionally, it is possible to look at the market capitalization amount (1.1M) and the circulating supply (423.4M) to arrive at reasonable price assumptions for the future. On the demand side, it is possible to look at on-chain data relating to the number of active and new addresses and transaction count.
What drives the price of League of Ancients?
There are a number of variables in the cryptocurrency market that can drive the price of League of Ancients upwards or downwards. The major force behind League of Ancients’s asset value is the market’s supply and demand. Whether the demand for more LOA increases or decreases depends greatly on growing adoption.
Furthermore, significant events such as protocol updates or hard forks may also play a significant role in League of Ancients’s price.
Another prime factor to consider is whale activity. Large holders of League of Ancients can greatly impact the price as one large sell order can drop the price significantly. In addition, never underestimate the power of large institutional adoption and political regulations on League of Ancients’s value.
Summary
It’s important to note some price predictions may appear contradictory. There is no clear-cut method for determining the future value of any cryptocurrency. This is because many factors are involved in price prediction. It’s not uncommon for one announcement to greatly change the trajectory of a coin’s price at any given time. The entire market as a whole can affect one coin’s movement as well as any updates on the project’s technology. Always do your own research before investing in any cryptocurrency.
Frequently Asked Questions
According to our price forecast, the value of League of Ancients today — 21-02-2024 — should trade relatively constant between the ranges of $0.000000000000000000 and $0.000000000000000000.
According to our technical analysis, the current sentiment for League of Ancients's price today is neutral.
League of Ancients is currently trading in a range that holds support levels at $0.000000000000000000. Significant resistance levels are at $0.000000000000000000. These are prices to watch for in case we see a break in one of these levels which may lead to increased market volatility in the following days.
After evaluating various quantitative technical indicators, League of Ancients appears to have a neutral forecast for 2024. Always consider both fundamental and technical analysis before investing in any cryptocurrency. Price activity, institutional adoption, and on-chain activity can all offer more insight into a project's potential value.
The services provided herein, including without limitations information, data, and predictions provided on this page, are intended for informational purposes only. The services do not constitute financial, investment, or any other professional advice and do not purport to be. The users are encouraged to consult with a licensed financial advisor before making any financial decisions. The company is not liable for any financial decisions made based on the use of these services.
The user assumes all responsibility and risk for the use of the information on this page. We expressly disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use of the services and any of the contents of this page.
The Bitcoin price prediction for 2030 is between $ 137,357 on the lower end and $ 305,028 on the high end. Based on our BTC price prediction chart, the price of Bitcoin could gain 418.75% and reach $ 305,028 if it reaches the upper price target.
It's nearly impossible. There is no path for Ethereum to hit 100k before 2030, it's impossible. ETH can realistically hit $10,000 in the coming years, either in 2025 or in 2026. We are confident with our current 2024 ETH prediction, in which we forecast ETH to hit $3,525.50 before summer of 2024.
1 ETH would be worth $12,212 in 2040 based on a 11.8% yearly growth rate. Calculate your potential ETH profits with our Ethereum profit calculator. This is a much more realistic scenario, as it would translate to a $1.4 trillion market cap for Ethereum.
Today's price of LOA is $0.00322492, with a 24-hour trading volume of $--. LOA is +3.96% in the last 24 hours, with a circulating supply of 423.41M LOA coins and a maximum supply of -- LOA coins. LOA ranks 2497 by market cap.
Ancient coins' value and rarity can be overwhelming with a wide range as these coins were hand struck for over 1,000 years. Some rare types commemorate major historical moments in the history of western civilization, while others represent the highest levels of artistic and technical achievement in numismatics.
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If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?
According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years. Bitcoin could become a multi-million dollar asset by 2050.
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Similarly to the prediction for 2040, we've used Bitcoin's 3-year CAGR of about 19% to calculate what the price of Bitcoin would be in 2050 based on those parameters. According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years.
Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040.
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.
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