Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has dropped 2.48% to $80.3.
InvestorsObserver is giving Litecoin a 26 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 26, placing it in the bottom 26% of cryptos on the market.The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 well positioned going forward. With support around $76.32 and resistance set at $82.44. This leaves Litecoin with room to run before facing selling pressures.