Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has fallen 3.17% to $53.59.
InvestorsObserver is giving Litecoin a 23 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 23, placing it in the bottom 23% of cryptos on the market.The Volatility Gauge follows meaning that one day won't make or break its rank. 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 near $51.07 and resistance near $54.7. This positions Litecoin with room to run before facing selling pressures.