Litecoin Cash (LCC) Down 0.21% Friday: What's Next?

Friday, March 22, 2024 04:26 PM | InvestorsObserver Analysts

Litecoin Cash (LCC) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has fallen 20.9% to $0.005724329005.

InvestorsObserver is giving Litecoin Cash a 79 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin Cash!

Highly Volatile

InvestorsObserver gives Litecoin Cash a high volatility rank of 79, placing it in the top 21% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. LCC's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Litecoin Cash price is trading near resistance. With support near $0.00508721594229925 and resistance near $0.00591229463458646. This leaves Litecoin Cash with potential selling pressures ahead as it may be getting over extended.

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.

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