Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has gained 0.91% to $88.68.
InvestorsObserver is giving Litecoin a 30 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 30, placing it in the bottom 30% of cryptos on the market.The Volatility Gauge takes into account meaning that one day won't make or break its rank. LTC's moderate volatility reading pairs 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 trading near resistance. With support around $87.32 and resistance around $88.77. This positions Litecoin with potential selling pressures ahead as it may be getting over extended.