Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has added 1.26% to $115.38.
InvestorsObserver is giving Litecoin a 17 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 17, placing it in the bottom 17% of cryptos on the market.The Volatility Gauge follows 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 trading near resistance. With support set at $111.7 and resistance around $116.28. This positions Litecoin with potential selling pressures ahead as it may be getting over extended.