common-close-0
BYDFi
Trade wherever you are!

Can you explain the significance of LTM in the cryptocurrency industry?

avatarTomás BrogueiraDec 18, 2021 · 3 years ago1 answers

What is the meaning and importance of LTM (Last Twelve Months) in the cryptocurrency industry? How does it affect the evaluation and analysis of cryptocurrencies?

Can you explain the significance of LTM in the cryptocurrency industry?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    LTM, or Last Twelve Months, is an important metric in the cryptocurrency industry. It refers to the data and performance of a cryptocurrency over the past twelve months. LTM is used to evaluate the historical trends, growth, and market dynamics of a cryptocurrency. It provides valuable insights into the price movements, trading volume, and market capitalization. By analyzing the LTM data, investors and analysts can assess the performance and potential of a cryptocurrency. They can identify trends, compare different cryptocurrencies, and make informed investment decisions. LTM is a useful tool for understanding the past performance and predicting the future prospects of cryptocurrencies. It helps investors gauge the stability, growth potential, and market acceptance of a cryptocurrency.