Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has lost 3.74% to $68.7.
InvestorsObserver is giving Litecoin a 21 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 21, placing it in the bottom 21% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. LTC's low volatility reading pairs 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 in a favorable position going forward. With support at $63.53 and resistance set at $70.56. This positions Litecoin with room to run before facing selling pressures.