Litecoin (LTC) Falls 0.04%, Underperforms the Crypto Market Monday

Monday, June 05, 2023 08:45 AM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has declined 3.61% to $92.63.

InvestorsObserver is giving Litecoin a 24 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 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. 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 above resistance. With support near $90.29 and resistance around $92.49. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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