How Litecoin reacted to the International Trade Balance in Goods and Services on 7 September 2022

Measured by Clometrix

Litecoin's volatility ratio was 1.79x, against 1.26x for a typical Balance of Trade release since 2021. Its volume ratio was 1.52x, against a typical 1.21x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Litecoin moved

Litecoin was at $54.18 when the figure came out. Fifteen minutes later it was 0.83% higher, and an hour later 2.34% higher. Its high-to-low range in the hour after was 2.95% of its price, against 0.63% in the hour before.

The release

Released by the Bureau of Census, Bureau of Economic Analysis on 7 September 2022 at 8:30 AM EDT. The deficit narrowed to $68.4B for July 2022, from $79.8B (The International Trade Balance in Goods and Services).

It arrived at the same moment as International Imports in Goods and Services and International Exports in Goods and Services, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Balance of Trade releases in the two weeks before a Fed decision have moved Litecoin about as much as those at other times: a median volatility ratio of 1.26x across 23, against 1.26x across 47. This one came out 14 days before the Federal Reserve's 21 September rate decision. Its own ratio of 1.79x compares with 1.26x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 Balance of Trade releases since 2021, Litecoin's median volatility ratio is 1.26x.

How it compares

Across 70 Balance of Trade releases since 2021, Litecoin's usual price swing is 1.26x. This one was 1.42 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Balance of Trade's usual, 1.26x. Thick line: this release, 1.79x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After	High	Low	Close	Change	Range	Range before	Volume
1 minute	54.26	54.18	54.26	0.15%	0.15%	0.07%	484 LTC
5 minutes	54.34	54.18	54.33	0.28%	0.29%	0.15%	2,685 LTC
10 minutes	54.59	54.18	54.58	0.73%	0.75%	0.33%	4,578 LTC
15 minutes	54.68	54.18	54.63	0.82%	0.91%	0.63%	7,827 LTC
30 minutes	54.94	54.18	54.88	1.28%	1.38%	0.63%	17,152 LTC
1 hour	55.78	54.18	55.45	2.29%	2.87%	0.63%	67,015 LTC
2 hours	55.78	54.18	55.48	2.34%	2.87%	0.94%	99,386 LTC
4 hours	55.78	54.18	55.26	1.95%	2.87%	1.16%	143,753 LTC
6 hours	55.96	54.18	55.62	2.59%	3.18%	1.45%	170,389 LTC
8 hours	55.78	53.91	55.26	1.54%	3.35%	2.96%	200,946 LTC
12 hours	58.29	54.18	57.04	5.01%	7.05%	3.08%	432,686 LTC

Every coin at this release

Coin	Price swing	Usual for Balance of Trade	Reaction
Bitcoin	0.58x	1.10x	Quiet
Ethereum	0.79x	1.25x	Quiet
XRP	1.15x	1.07x	Quiet
BNB	0.89x	1.08x	Quiet
Solana	0.67x	1.17x	Quiet
Dogecoin	0.87x	1.15x	Quiet
TRON	0.62x	1.12x	Quiet
Cardano	1.06x	1.10x	Quiet
Chainlink	0.53x	1.12x	Quiet
Bitcoin Cash	0.70x	1.18x	Quiet
Hedera	0.67x	1.09x	Quiet
Avalanche	0.67x	1.01x	Quiet
Litecoin	1.79x	1.26x	Strong
Shiba Inu	1.02x	1.04x	Quiet
Uniswap	0.79x	1.18x	Quiet
Polkadot	0.51x	1.03x	Quiet
Aave	0.62x	1.13x	Quiet
NEAR Protocol	1.01x	1.07x	Quiet
Internet Computer	0.77x	1.07x	Quiet
POL (prev. MATIC)	0.60x	1.03x	Quiet
Filecoin	0.52x	1.01x	Quiet

What is the International Trade Balance in Goods and Services?

The balance of trade (BOT) measures economic transactions between a nation and its trading partners, showing the difference between the value of a country's imports and exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in and out of the country. Economists use this information to gauge the relative strength of a country's economy. When exports are higher than imports, it tends to boost GDP. In the opposite scenario, it creates a trade deficit.

Every Balance of Trade release for Litecoin

Questions about this page

Is 1.79x a lot?

For a Balance of Trade release it is strong: the usual is 1.26x. Each report has its own usual size, and its releases show it.

Will the next Balance of Trade do the same?

Nobody can say. A forecast shows the range Litecoin moved in after past Balance of Trade releases, so you can plan for the likely size of the move.

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.