Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has gained 0.14% to $132.93.
Low Volatility
InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
LTC’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is favorably positioned going forward. With support set at $125.79 and resistance set at $139.47. This positions Litecoin with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter