Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 2.85% to $108.13.
InvestorsObserver is giving Litecoin a 14 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 14, placing it in the bottom 14% 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 coupled 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 favorably positioned going forward. With support set at $103.75 and resistance at $111.2. This positions Litecoin with room to run before facing selling pressures.