Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has declined 3.81% to $136.59.
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 takes into account this makes its score defined by recent trends, rather than a bad day. 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 favorably positioned going forward. With support around $129.76 and resistance around $143.15. This positions Litecoin with room to run before facing selling pressures.