Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has lost 1.46% to $44.93.
InvestorsObserver is giving Litecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Moderately Volatile
InvestorsObserver gives Litecoin a moderate volatility rank of 25, placing it in the bottom 25% 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 moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Litecoin price is favorably positioned going forward. With support at $41.27 and resistance at $46.72. This positions Litecoin with room to run before facing selling pressures.