Litecoin (LTC) Do the Risks Outweigh the Rewards Friday?

Friday, March 08, 2024 08:28 AM | InvestorsObserver Analysts

Litecoin achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

InvestorsObserver is giving Litecoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Litecoin!
See Full LTC Report

Trading Analysis

LTC's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
The price of Litecoin is 2.85% lower over the last 24 hours, leading to its current value of $87.50. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $6,500,188,817.23, meanwhile $637,082,393.05 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Litecoin a low risk analysis.

Summary

Recent price movement of LTC gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment. Click Here to get the full Report on Litecoin (LTC).

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