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Technical analysis PlatonCoin (PLTC) February 05th, 2021

PLTC, people, investing, home

PlatonCoin (PLTC) price as of Feb 05 2021 is $0,514930 USD with a 24-hour trading volume of $217 284 USD. PlatonCoin is down 1,17% in the last 24 hours. The current CoinMarketCap ranking is #609, with a market cap of $12 994 071 USD. It has a circulating supply of 25 234 641 PLTC coins and a max. supply of 300 000 000 PLTC coins.

Technical analysis PLTC/USDT

PlatonCoin, PLTC is Platon Finance’s digital currency, on which company based its ecosystem, called Platon Life. It is a platform aimed at creating a community through blockchain technology.

PLTC price trended below $0,30 for a considerable amount of time until a major push rallied the price to hit the previous ATH in between $0,57-0,61. Further, a steep decline close to $0,427 (support line) placed the price in an ascending triangle and hence a major breakout is imminent.

The PLTC price has broken the upper resistance levels at $0,51 and heading strongly to smash the current ATH at $0,61 soon. At the time of writing, the PlatonCoin price is $0,514 with a down 1,17% in the last 24 hours.

Nevertheless, the PLTC price rally may hit even more highs very soon, with the first one at $0,70.

PlatonCoin price rally has just picked up the market grip and due to the technical development, new partners being added to Platon Store every week and significant interest of customers PLTC is expected to hit new highs as it has already started a bull run.

Graphical user interface, chartIn addition to the trend triangle, we also see an upward bullish channel on the chart. At the moment, investors are defending the support line and creating a long for the resistance line channel.

NEWS in PLTC/USD

The growth of PLTC is also about news added to the platform. Platon Store helps to make real use of PLTC in life,  one of the main goals of PLTC is to bring products and services to ordinary consumers in exchange for PLTC currency. The growth of the PLTC / USDT exchange rate is conditioned not only by the technical analysis but also by the fundamental aspect of the project which increases the value.

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