Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has declined 1.86% to $111.21.
InvestorsObserver is giving Litecoin a 18 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Low Volatility
InvestorsObserver gives Litecoin a low volatility rank of 18, placing it in the bottom 18% of cryptos on the market.The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LTC's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is trading near resistance. With support near $108.67 and resistance at $111.84. This leaves Litecoin with potential selling pressures ahead as it may be getting over extended.