Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has gained 1.46% to $59.98.
InvestorsObserver is giving Litecoin a 26 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 26, placing it in the bottom 26% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. 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 in a good position going forward. With support near $56.15 and resistance around $64.58. This leaves Litecoin with room to run before facing selling pressures.