Litecoin (LTC) Rises 3.08%, Outperforms the Crypto Market Tuesday

Tuesday, April 25, 2023 03:08 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has advanced 3.08% to $90.4.

InvestorsObserver is giving Litecoin a 29 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 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. 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 trading above resistance. With support set at $86.42 and resistance at $88.93. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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