Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 1.17% to $54.27.
InvestorsObserver is giving Litecoin a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Moderately Volatile
InvestorsObserver gives Litecoin a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. LTC's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Litecoin price is in a favorable position going forward. With support set at $53.22 and resistance near $54.84. This positions Litecoin with room to run before facing selling pressures.