Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has declined 2.3% to $51.55.
InvestorsObserver is giving Litecoin a 28 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 28, placing it in the bottom 28% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. LTC's moderate volatility reading pairs 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 good position going forward. With support around $50.04 and resistance near $52.49. This positions Litecoin with room to run before facing selling pressures.